On Friday I
had hopes that perhaps the beginning of the new week would mean that EUR/USD
would become a little more volatile than it had been for the past few days, but
unfortunately that was not the case. Monday was just as uneventful and slow as
last Friday. I really dislike corrections like this, when everything moves at a
snail’s pace. As much as I like EUR/USD – and considering that I largely feel
comfortable trading only one or maximum two pairs at a time – if it keeps this up I
might move onto some other pair – USD/JPY perhaps.
The correction on the EURUSD has formed a good channel, but it could continue lower.
ReplyDeleteI agree the volatility on the market are not as expected.
ReplyDeleteVery Good analysis. The doubt is large!
ReplyDeleteEURUSD was consolidating during the course of yesterday session, essentially going nowhere. The pair continues to struggle at the 1.27 level, and as a result it’s we may expect the sellers to come into this marketplace and make their presence be known. Even if we rally from here, it’s very likely that we will see a significant amount of selling pressure somewhere in the neighborhood of 1.2795.
ReplyDeleteI do agree with it, thank you.
ReplyDeleteVery nice information, thank you very much.
ReplyDeleteI agree with you fully.
ReplyDeleteUsd/jpy is not a bad choice.
ReplyDelete