mlawson71 Posted November 13, 2020 Posted November 13, 2020 The pair is climbing back up toward 1.1850 but I doubt it will break out above 1.1900 this week.
mlawson71 Posted November 14, 2020 Posted November 14, 2020 It closed at 1.1830, it couldn't even rally above that. Will this consolidation ever end?
mlawson71 Posted November 15, 2020 Posted November 15, 2020 The market will reopen soon but it will likely continue consolidating this week too.
mlawson71 Posted November 16, 2020 Posted November 16, 2020 The pair remains undecided, which is no surprise, unfortunately. Next target is around 1.1850.
mlawson71 Posted November 17, 2020 Posted November 17, 2020 The pair is climbing but it has not broken out above 1.1900, nor is there a signal that it will do so anytime soon.
Akwin Posted November 18, 2020 Posted November 18, 2020 On 8/16/2019 at 7:04 PM, mlawson71 said: EUR/USD testing 1.1070, maybe it will finally break out below that level and continue towards 1.1000. EUR/USD is rising toward 1.19 as markets are torn between rising coronavirus cases
mlawson71 Posted November 18, 2020 Posted November 18, 2020 It is trying to rise toward 1.1900, but currently it cannot even break out above 1.1870, unfortunately.
mlawson71 Posted November 19, 2020 Posted November 19, 2020 It bounced off from 1.1890 and is currently dropping back toward 1.1830. The consolidation is obviously far from over.
mlawson71 Posted November 20, 2020 Posted November 20, 2020 The range has narrowed considerably - usually this tends to lead to a breakout but we'll see.
mlawson71 Posted November 21, 2020 Posted November 21, 2020 It closed at 1.1860, now the question is whether the consolidation will end before the new year.
mlawson71 Posted November 22, 2020 Posted November 22, 2020 Let's see how it will develop next week but I think it is unlikely that the consolidation will end.
mlawson71 Posted November 23, 2020 Posted November 23, 2020 The pair is moving north for now and it will likely reach the resistance at 1.2000. Whether it will be able to break out above that level remains to be seen.
mlawson71 Posted November 24, 2020 Posted November 24, 2020 The consolidation continues, there is no indication for an impending breakout.
mlawson71 Posted November 25, 2020 Posted November 25, 2020 The pair is moving north and it will likely reach 1.2000 - and a breakout above that level could lead to a long term move to the upside.
mlawson71 Posted November 26, 2020 Posted November 26, 2020 The pair bounced off from 1.1940 and remains bearish for now, so the consolidaton is not over.
mlawson71 Posted November 27, 2020 Posted November 27, 2020 The pair is quite bullish today, hopefully we will finally see a proper breakout above 1.2000, even if it's not this week.
mlawson71 Posted November 28, 2020 Posted November 28, 2020 It closed at 1.1960, hopefully next week it will test 1.2000 at least.
mlawson71 Posted November 29, 2020 Posted November 29, 2020 Let's hope the pair continues rising next week, because this consolidation feels endless.
mlawson71 Posted November 30, 2020 Posted November 30, 2020 It reached 1.2000 again and bounced off from it and on both the weekly and daily time frames the pair is forming a very clear and large-scale double top. If the daily candlestick closes like that we may actually see a big move south.
mlawson71 Posted December 1, 2020 Posted December 1, 2020 It finally broke out above 1.2000, we may see a further rally before the end of the year!
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