thiru wrote: Mon Jul 22, 2019 6:43 pm

Looks like you are really frustrated. Just looked at the chart and for nearly 186 days its in sideways !!!

Well, tomorrow is one of the d-day and with the new British PM, sure you may see some movement. But I have a strong feeling, the real movement will be in September after the Brexit (if that ever happens).

At the moment, the pair that really moves is GBPNZD, no idea why but that's what I see on the chart. !!!

ChuChu Rocket wrote: Mon Jul 22, 2019 7:36 pm Exactly!
You are not wrong there man, GBPNZD is such a good pair for volatility this year and even shows in this chart: List of the most Volatility Currency Pairs 2019

Are you trading EUR/USD this week?

• EUR/USD is losing further ground during the first half of the week and is now threatening to test the key contention band at 1.1181/76.
• A break below this support region should pave the way for a test of 2019 lows in the 1.1100 neighbourhood.
• In the meantime, the pair needs to regain recent highs in the 1.1280/90 band to mitigate downside pressure and attempt a test of the critical barrier in the 200-day SMA at 1.1313.

mlawson71 wrote: Wed Jul 24, 2019 1:42 am EUR/USD finally continued moving south. I think we'll see it depreciate towards 1.1100.

ChuChu Rocket wrote: Wed Jul 24, 2019 5:38 pm
It's a disaster for EURUSD bulls

German flash manufacturing PMI slips to 43.1 in July, EUR/USD hits fresh 2-yr lows


EURUSD-Hits-2-year-low-24-July-2019.png


German manufacturing activity recorded the worst performance in seven years in the month of July, the latest manufacturing activity report from IHS/Markit research showed this Wednesday.

The German manufacturing purchasing managers index (PMI) arrived at 43.1 versus 45.0 expected and 45.2 previous. Meanwhile, services PMI hit a two-month low level of 55.4 as against previous months reading of 55.8 and 55.3 anticipated.

The IHS Markit Flash Germany Composite Output Index came in at 4-month lows of 51.4 in July vs. June’s 52.6 and 52.3 expectations.

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/german-fl ... 1907240733 (Article)

mlawson71 wrote: Fri Jul 26, 2019 2:25 am The pair dropped to 1.1100 after the fundamentals but then bounced off from that level and we're left with another whipsaw, as usual.

• EUR/USD remains under pressure following the ECB event and is expected to keep the cautious/consolidative stance for the next weeks.
• The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower.
• While further consolidation is thus expected, a test of sub-1.1100 levels should not be ruled out either for the time being.