The GBP related pairs could be hectic in 10 minutes because BoE governor Mervyn King is going to testify before the Parliament’s Treasury Committee, in London at 08:45 GMT. If his speech is considered hawkish then we could see a rise of GBP which could give a boost to eur/usd also. Let’s see.
I’m getting tired of this ugly market. What we have experienced since 24th June is one of the toughest periods I can remember and I have traded for a while now… Anyways, EUR/USD stuck in a channel, waiting the break of either the 1.5950 or the 1.5915 level. GBP/USD the same with 2.0035 and a rising support line currently at 2.0015. USDCHF, GBPJPY, GBPCHF completely flat. We should get back to bed and dream about better days, guys.
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