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Eurusd/gbpusd - page 2185

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The EURUSD may keep dropping if the upcoming fundamentals from the US come out better than expected.

It found some support

The question is : for how long?

The pair closed around 1.1130/40 zone, almost unchanged from yesterday. Upside still limited to 1.12 level, and downside support level can be found at 1.109, very tight range for now.
It will not move anywhere before Friday
whisperer:
It will not move anywhere before Friday
Or before the ECB press-conference tomorrow, at the very least.
Dollar remain under pressure ahead of ECB economic policy meeting early Thursday, the pair has limited downside movement. On the upside I'm waiting for break out of 1.12 psychological resistance level.

ECB, ADP and NFP

A lot of big letters - expecting the usual whipsaw

whisperer:

ECB, ADP and NFP

A lot of big letters - expecting the usual whipsaw

As it was obvious :)
The fundamentals today caused a whipsaw again but afterwards EUR/USD continued moving to the downside. It's currently testing 1.1150 again and it will likely break below it. If it does, next target is 1.1100.
No break out yesterday, the pair back to its range between 1.1100 to 1.1220. I guess any break out we need to wait for today's NFP report.
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