Eurusd/gbpusd - page 2197

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With no major fundamentals coming out today consolidation will likely continue. However, there is also a hanging man candlestick that formed yesterday on the daily EUR/USD time-frame, so next week we might see another move to the downside.
 
Next week - holidays. A lot of manipulations ahead
 
Long/Range bound.
 
arigoldman:
Long/Range bound.
You mean long EURUSD?
 

The uncertainty in Economics and political backdrop as result from Brexit is still likely to the one and only market trigger in the coming week. Eur/Usd seems stuck around 1.11 level and psychological resistance level is still at 1.1200.   

 
Level 1.11 seems to be resistance. It will take some more to break it
 
EUR/USD is still forming a flag after the big drop caused by Brexit. Next target is likely 1.1180, but let's not forget that the NFP will be announced at the end of the week so we can probably expect more volatility to come.
 
Tomorrow we shall see what did market makers plan for EURUSD - today is no volume day
 
whisperer:
Tomorrow we shall see what did market makers plan for EURUSD - today is no volume day
True, low volume day, the pair seems remain in the last Friday range and upside limited below 1.116 zone.
 
If the EURUSD breaks below the 1.1100 level, it may try to go and visit the 1.1000 level. To the upside, the 1.1200 around the 200 day EMA may become a good resistance.
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