Eurusd/gbpusd - page 2213

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EUR/USD dropped significantly after Janet Yellen's speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.
 
victoriajensen:
EUR/USD dropped significantly after Janet Yellen's speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.
I agree, pressure on the downside remains, the pair next possible target would be at 1.1100 if break below 1.1160/50 support zone.
 
GBP/USD has formed a double bottom above the support at 1.3060. It is very likely we will see a retracement towards 1.3100 - 1.3130.
 
Waiting for NFP
 
Eur/Usd is consolidating in a narrow range while risk remains on the downside, critical support level can be seen around 1.1120/10 zone.
 
I agree, EUR/USD is still testing the support at 1.1130 and the sideways consolidation might continue until the announcement of the US Non-Farm Payrolls on Friday.
 
Back to ranging - NFP will decide
 
EUR/USD has formed a double bottom above the support at 1.1130 as well as an impressive hammer candlestick on the four-hour time-frame above the same level. The pair is likely to move to the upside at least until tomorrow's fundamentals come out.
 
NFP tomorrow. That will be a game changer
 
nbtrading:
NFP tomorrow. That will be a game changer
Yes, and the usual whipsaw
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