mlawson71 Posted August 12, 2019 Posted August 12, 2019 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 Posted August 13, 2019 Posted August 13, 2019 No end of the consolidation in sight, hopefully the fundamentals by the end of the week will have some effect on it.
mlawson71 Posted August 14, 2019 Posted August 14, 2019 EUR/USD is dropping like a rock. I wouldn't be surprised if it falls back to 1.1100.
mlawson71 Posted August 15, 2019 Posted August 15, 2019 It's clearly very bearish after over a week of consolidation. Let's see whether it will drop below 1.1000 too.
mlawson71 Posted August 16, 2019 Posted August 16, 2019 EUR/USD testing 1.1070, maybe it will finally break out below that level and continue towards 1.1000.
mlawson71 Posted August 17, 2019 Posted August 17, 2019 Well, so much about EUR/USD breaking out below 1.1070 this week. Hopefully next week the move south will continue.
mlawson71 Posted August 19, 2019 Posted August 19, 2019 EUR/USD may continue falling this week but for now it is stuck in a sideways consolidation as it often happens on Mondays.
mlawson71 Posted August 20, 2019 Posted August 20, 2019 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 Posted August 21, 2019 Posted August 21, 2019 It formed a clear double bottom after all. I think it will start rising again towards 1.1200.
mlawson71 Posted August 22, 2019 Posted August 22, 2019 The pair is still stuck at 1.1070, hopefully the fundamentals by the end of the week will end this consolidation.
mlawson71 Posted August 23, 2019 Posted August 23, 2019 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 Posted August 24, 2019 Posted August 24, 2019 No breakout after all, but at least it finally bounced off from 1.1050 and it will likely keep rising next week.
mlawson71 Posted August 26, 2019 Posted August 26, 2019 It's testing 1.1100, it will probably slide back down towards 1.1050 once again.
mlawson71 Posted August 27, 2019 Posted August 27, 2019 EUR/USD is testing the support at 1.1100 and I think we will likely see it continue moving to the downside.
mlawson71 Posted August 28, 2019 Posted August 28, 2019 The pair is moving south again, towards the old support at 1.1050, the sideways consolidation is clearly not over.
mlawson71 Posted August 29, 2019 Posted August 29, 2019 EUR/USD is testing the support at 1.1050 yet again, if we finally see a breakout it may depreciate below 1.1000.
mlawson71 Posted August 31, 2019 Posted August 31, 2019 The move south continued until the market closed yesterday and I think next week EUR/USD will drop down to 1.0900.
mlawson71 Posted September 2, 2019 Posted September 2, 2019 The move south continues and by the looks of it EUR/USD will keep depreciating below 1.0900 this week.
mlawson71 Posted September 3, 2019 Posted September 3, 2019 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 Posted September 4, 2019 Posted September 4, 2019 The move north is clearly continuing and I think we will see EUR/USD rallying above 1.1050.
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