mlawson71 Posted January 16, 2021 Posted January 16, 2021 It closed at 1.2080. Next week we will probably see a further move to the downside.
mlawson71 Posted January 17, 2021 Posted January 17, 2021 The pair is pretty bearish, let's see how much it will depreciate next week.
mlawson71 Posted January 18, 2021 Posted January 18, 2021 The pair remains bearish. Next target is likely around 1.2000.
mlawson71 Posted January 19, 2021 Posted January 19, 2021 Surprisingly, it formed a pinbar at 1.2070 and it's bouncing off from that level. The move south may yet continue but first the pair may develop within a range.
mlawson71 Posted January 20, 2021 Posted January 20, 2021 It's consolidating around 1.2100. I suppose we won't see much development until after the inauguration.
mlawson71 Posted January 21, 2021 Posted January 21, 2021 It's climbing at the moment but that is likely part of the correction.
mlawson71 Posted January 22, 2021 Posted January 22, 2021 It may rally back to the old high at 1.2350, but time will tell whether the pair will rally past that level too.
mlawson71 Posted January 23, 2021 Posted January 23, 2021 Let's see how the pair will develop next week, I think the correction will continue developing.
mlawson71 Posted January 24, 2021 Posted January 24, 2021 The market will reopen in a few hours, the consolidation will probably continue this week.
mlawson71 Posted January 25, 2021 Posted January 25, 2021 As I though, the correction continues, the pair bounced off from 1.2190.
mlawson71 Posted January 26, 2021 Posted January 26, 2021 It's consolidating around 1.2140. It's very undecided, I am unsure where the target even is at the moment.
mlawson71 Posted January 28, 2021 Posted January 28, 2021 The pair is consolidating sideways even though it did form its double bottom. I think the move north may still begin.
mlawson71 Posted January 29, 2021 Posted January 29, 2021 Sideways consolidation continues. The nearest target is around 1.2170.
mlawson71 Posted January 31, 2021 Posted January 31, 2021 The market should reopen soon, let's see how it will develop.
mlawson71 Posted February 1, 2021 Posted February 1, 2021 It's testing 1.2065 yet again. We may finally see a breakout below that level this week.
mlawson71 Posted February 2, 2021 Posted February 2, 2021 The move south finally continued. It broke out below 1.2065 and it remains bearish.I think it will likely drop to 1.2000 - 1.1970 next.
mlawson71 Posted February 3, 2021 Posted February 3, 2021 It has almost reached 1.2000 and it remains bearish, the pair will likely continue dropping and break out below 1.2000.
mlawson71 Posted February 4, 2021 Posted February 4, 2021 It dropped to 1.1970 as I thought it would. The pair is still quite bearish so there may even be a breakout below that level.
mlawson71 Posted February 5, 2021 Posted February 5, 2021 It bounced off from 1.1950. I think so far this is part of the correction, once the move north ends we can probably continue a further depreciation.
mlawson71 Posted February 6, 2021 Posted February 6, 2021 The market will likely continue the EUR/USD correction next week.
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