Eurusd/gbpusd - page 2264
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Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. We have a busy week ahead of us for both dollar and Pound which would change the trend.
Eur/Usd remains strong uptrend strength while correction movement continue, next resistance can be found around 1.445 level.
GBP/USD is testing the support at 1.2915. A breakout below that level will probably lead to a further move to the downside towards 1.2850, which is the (MA)89 indicator on the four-hour time-frame.
The pair is testing the support at 1.2890 but even though it has not broken out below that level it is still very bearish, especially considering the hanging man candlestick that has formed on the daily time-frame at the resistance at 1.3030.
EUR/USD bounced off from 1.1310 and it is moving to the upside. If it breaks out above 1.1400 it could test the last high at 1.1445 again.
The whipsaw that the fundamentals today caused led EUR/USD to 1.1440, but it then bounced off from that level and it is currently testing the support at 1.1380, which coincides with the (MA)89 indicator on the one-hour time-frame. A breakout below that support will likely lead to another drop towards 1.1300.
Exciting week, almost no reaction from the NFP's, i found that weird...
Gbp/Usd immediate support level can be found around 1.2860/63, break below we are looking for further decline.
Exciting week, almost no reaction from the NFP's, i found that weird...
yes, maybe there is a trap :)