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In the great monthly picture we see that the EUR/USD pair has been trembling down.But it also has been ranging in between the levels of 1.28 and 1.33.I still expect this behaviour to continue. Cause of incertainty about Syria fundamental news mostly.But also when Obama might throw in some action, the EUR has room to gain some strength again in the downwards channel towards point 3.In weekly view the range is more visible. It now is finding resistance of the 200MA.Latest reversals upwards have be…
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Found the way up again? Also GBP/USD does.
As you can see on the Daily chart of GBP/USD, after all shocking Bernanke news the markets shaked out.The USD is back to be sold until at least the end of the year against most pairs, the GBP in this case.The spike back up brought the GBP back into the multi-month channel upwards, and that is where it gonna stay again for a decent amount of time.The 1.50 is said goodbye for now and we won't look back.On the 4 Hour chart you can see the big spike up based on fundamental news of the big change in …