mlawson71 Posted December 2, 2020 Report Share Posted December 2, 2020 The pair is testing 1.2100 and if it breaks out above that level we may see it reach 1.2500 eventually. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 4, 2020 Report Share Posted December 4, 2020 The pair remains very bullish, next target may even be above 1.2150. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 5, 2020 Report Share Posted December 5, 2020 It closed below 1.2180 bt it remains bullish so next week it may reach 1.2200. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 6, 2020 Report Share Posted December 6, 2020 The market will reopen soon, let's see whether there will be a breakout above 1.2200. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 7, 2020 Report Share Posted December 7, 2020 The pair has formed a shooting star candlestick at 1.2180 on the daily time frame but it is still bullish, so it may not necessarily be a proper signal for a move south. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 8, 2020 Report Share Posted December 8, 2020 It has marginally bounced off from 1.2180 and is back at 1.2100, the move north may be over for the moment. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 9, 2020 Report Share Posted December 9, 2020 The pair dropped below 1.2100, next target is likely around 1.2050, I think, as it is quite bearish. Link to comment Share on other sites More sharing options...
dw260307 Posted December 10, 2020 Report Share Posted December 10, 2020 The US dollar is rising paying little mind to what you resemble at it as Wall Street turns negative. EUR/USD is progressing for the fourth sequential bit by bit episode underneath 1.2100. The EUR/USD It broke underneath 1.2095 and tumbled to 1.2071, appearing at the most decreased level in seven days. At time of shaping, it is exchanging close to the lows, under strain, nearly posting the fourth continuous bit by bit debacle. The US dollar recovers energy A recuperation in the US dollar, especially against basic European monetary standards, injured the EUR/USD. The US Dollar Index (DXY) transcended 91.00, the most brought up in two days. Weakening danger appraisal and rising US yields kept up the dollar. In addition explicit segments upset the euro. The dive under the key transient help space of 1.2100 added pressure. Underneath 1.2070, the going with help is seen at 1.2040. A recuperation above 1.2100 would encourage the negative inclination. Key day ahead On Thursday, the monetary plan shows that the US will clarify bit by bit jobless cases and developing. The crucial occasion for the EUR/USD will probably be the social event of the European Central Bank. A public bank activity is standard. "This ECB meeting has many moving parts with choices on PEPP and TLTRO, just as new immense degree figures. The tone of the public gathering will be a definitive driver of the market, with signals from the HICP surmise for 2023 and whether the ECB focuses on using the full PEPP, "clarified TD Securities trained professionals. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 10, 2020 Report Share Posted December 10, 2020 It dropped to 1.2060 and rebounded from it. The pair will likely climb back to 1.2150. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 11, 2020 Report Share Posted December 11, 2020 It is consolidating around 1.2100, it probably won't stop before the new week. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 12, 2020 Report Share Posted December 12, 2020 It closed at 1.2110, hopefully next week the move north will continue. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 13, 2020 Report Share Posted December 13, 2020 Let's see whether the move north will continue developing this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 14, 2020 Report Share Posted December 14, 2020 It remains undecided around 1.2100, hopefully another long-term range won't start again. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 15, 2020 Report Share Posted December 15, 2020 The pair is still testing 1.2150. Hopefully we will finally see it break out above that level. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 16, 2020 Report Share Posted December 16, 2020 It broke out above 1.2150 and it remains quite bullish. By the looks of it the pair may continue climbing toward 1.2200. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 17, 2020 Report Share Posted December 17, 2020 The pair remains bullish, I think next target will be around 1.2300. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 18, 2020 Report Share Posted December 18, 2020 It pulled back from 1.2270, we may see some retracement but the pair remains quite bullish for now. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 19, 2020 Report Share Posted December 19, 2020 It closed at 1.2245, next week there will probably be a correction before a new move north starts. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 20, 2020 Report Share Posted December 20, 2020 Personally, I am preparing for a bit of a retracement when the market opens next week, before the move north continues. Link to comment Share on other sites More sharing options...
mlawson71 Posted December 21, 2020 Report Share Posted December 21, 2020 There may be some correction this week, after the massive rally that occurred. Link to comment Share on other sites More sharing options...
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