damn, I stepped out too early! eh, I'm scratching my head on where we go from here. I might make it an early weekend.
ahead of the G7 it's not so clear... based on a daily chart i'd say there is an upside bias but because there's no way to know how the G7 meeting will pan out...the technicals are up in the air. i'm flat EURUSD until after the weekend. but for those that are long there is underlying support in the 1.2900 to 1.2850 area.
I've got good short going now. The rebounds aren't looking as strong, plus momentum is slowing on the hour chart. Holding through the weekend.
Looks like the pair is still set in a downtrend and is gaining some momentum. Long term chart is consolidated. Should see a bounce on monday before setting up the next leg down on Tuesday.
I don't think alot of prices shown on weekends are trustworthy, I saw a couple places where GBP was supposed to have spiked 500 pts.
I do not think cable ( GBP ) has moved much but the site that showed Euro dropping alot also showed the EURO - YEN cross dropping alot too ok ... tomm will be a better time for me to check than now