Ok. Well from a technical point of view I would agree that it looks rather bearish.

EURUSD only

Is this per yesterday or per now? Thought most traders shifted to short in the meantime.

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I think we will see new highs from here. Now the marked had its buy the rumour sell the news and the focus will be on the actual situation which is quite USD bearish.

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ohoh, this looks like a rising wedge.

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Yes agree. There is some upfront pricing by positioning of medium term traders, but the full weakness would unfold slowly caused by physical FX flows.

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Such events don‘t get priced in one day. They rather effect the medium-term trend.

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If Democrats should win this the question is whether the market plays buy the rumour sell the fact or whether it will keep rising. Personally I think that a blue wave would lead to a sustainable USD weakness as it would just speed up the secular USD ...

EURUSD only

I reckon that EURUSD will rise first when preliminary runoff results are being published as a strong initial democratic lead is likely. Then it will reverse again as Republican votes come in to wait for the final result.

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I don‘t think that this is a potential local high yet. 1.2350-1.2395 would be a good range (Ata showed the lines). But of course it also depends on Georgia election outcome. If democrats win there will most likely be a frantic breakout to the upside.

EURUSD only

well there are regular intraday spikes of 1% or so within seconds that don’t make sense. for some pairs like eursek or seknok bloomberg shows fake prices nearly every weekend. sometimes they delete it afterwards. not sure what the source is, but ...

EURUSD only

Bloomberg does also show fake spikes in prices sometimes. Would be interesting if anyone knew where these prices come from and if they are really tradable.

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Just wondering where this price comes from, there must me an open broker somewhere trading fake prices to collect stop losses.

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So your broker has traded the price?

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Investing.com shows the Eurusd price at 1.2134 - is this a real tradable price? Would be a massive gap. Just asking as my broker is closed today.

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I think this move is mainly stop-loss eating in thin liquidity, let‘s see.

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you mean banksters

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That‘s what I meant. End of month trade over resulting in a temporary weakness.

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Next strong resistance is 1.2350 up to 1.2395. However, as the end of month USD selling effect will fade after the close we might see some EURUSD weakness afterwards.

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Looks pretty bullish now, with stocks up MTD pretty surely the month end effect will be USD selling and this effect will most likely dominate.

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As long as stocks stay up MTD the end of month effect will be USD selling.

EURUSD only