eur/usd EUR/USD

[mlawson71]

EUR/USD is rising back up towards 1.1230 but so far there has been no breakout below or above the consolidation. I doubt it will happen today.

[mlawson71]

No end of the consolidation in sight, hopefully the fundamentals by the end of the week will have some effect on it.

[mlawson71]

EUR/USD is dropping like a rock. I wouldn't be surprised if it falls back to 1.1100.

[mlawson71]

It's clearly very bearish after over a week of consolidation. Let's see whether it will drop below 1.1000 too.

[mlawson71]

EUR/USD testing 1.1070, maybe it will finally break out below that level and continue towards 1.1000.

[mlawson71]

Well, so much about EUR/USD breaking out below 1.1070 this week. Hopefully next week the move south will continue.

[mlawson71]

EUR/USD may continue falling this week but for now it is stuck in a sideways consolidation as it often happens on Mondays.

[mlawson71]

It's still consolidating at the support at 1.1080, I am starting to suspect it may form a double bottom there, which means there may be a new move north.

[mlawson71]

It formed a clear double bottom after all. I think it will start rising again towards 1.1200.

[mlawson71]

The pair is still stuck at 1.1070, hopefully the fundamentals by the end of the week will end this consolidation.

[mlawson71]

It seems to be attempting to break out below the double bottom at 1.1050. If it does we will likely see it dropping below 1.1000.

[mlawson71]

No breakout after all, but at least it finally bounced off from 1.1050 and it will likely keep rising next week.

[mlawson71]

It's testing 1.1100, it will probably slide back down towards 1.1050 once again.

[mlawson71]

EUR/USD is testing the support at 1.1100 and I think we will likely see it continue moving to the downside.

[mlawson71]

The pair is moving south again, towards the old support at 1.1050, the sideways consolidation is clearly not over.

[mlawson71]

EUR/USD is testing the support at 1.1050 yet again, if we finally see a breakout it may depreciate below 1.1000.

[mlawson71]

The move south continued until the market closed yesterday and I think next week EUR/USD will drop down to 1.0900.

[mlawson71]

The move south continues and by the looks of it EUR/USD will keep depreciating below 1.0900 this week.

[mlawson71]

The pair formed a pair of hammer candlesticks at 1.0925 on the four-hour time-frame, which were a clear sign for a reversal. Next target is likely at 1.1000 again.

[mlawson71]

The move north is clearly continuing and I think we will see EUR/USD rallying above 1.1050.