mlawson71 Posted March 1, 2021 Posted March 1, 2021 It's still consolidating around 1.2050. These corrections often seem endless.
mlawson71 Posted March 2, 2021 Posted March 2, 2021 It bounced off from 1.1990 again, clearly the pair is still stuck in its sideways consolidation.
mlawson71 Posted March 3, 2021 Posted March 3, 2021 It remains in correction mode today as well. I wonder whether it will end this week.
mlawson71 Posted March 4, 2021 Posted March 4, 2021 It's clearly still consolidating. I have given up hope that will change this week.
mlawson71 Posted March 5, 2021 Posted March 5, 2021 It's testing the support at 1.1950. Depending on its development at this level we may see a double bottom - and a sharp move north - or a breakout to the downside and a further depreciation.
mlawson71 Posted March 7, 2021 Posted March 7, 2021 The move south should continue next week, let's see how far it will drop.
mlawson71 Posted March 8, 2021 Posted March 8, 2021 It remains very bearish this week as I thought it would be. It will likely reach 1.1800 and drop below that level too.
mlawson71 Posted March 9, 2021 Posted March 9, 2021 It bounced off from 1.1840 but I think it is still quite bearish. The pair will likely drop below 1.1800.
mlawson71 Posted March 10, 2021 Posted March 10, 2021 It's consolidating around 1.1900, the pair is quite undecided for the moment, I think.
mlawson71 Posted March 11, 2021 Posted March 11, 2021 The pair has rallied back up to 1.1980 and we may see it climb to 1.2000, but this is also part of the overall correction.
mlawson71 Posted March 12, 2021 Posted March 12, 2021 The pair will likely close around 1.1950, next week we may see it rally back up to 1.2000.
mlawson71 Posted March 13, 2021 Posted March 13, 2021 The pair closed after bouncing off from 1.1990, almost reaching the target at 1.2000. Next week the correction should continue.
mlawson71 Posted March 14, 2021 Posted March 14, 2021 Let's see whether the correction will continue next week.
mlawson71 Posted March 15, 2021 Posted March 15, 2021 It's back at 1.1920 and it is still bearish, it will likely depreciate back toward the last low at 1.1835.
mlawson71 Posted March 16, 2021 Posted March 16, 2021 It dropped down to 1.1900, I think we will see a further depreciation soon.
mlawson71 Posted March 17, 2021 Posted March 17, 2021 It is still testing 1.1900, it may still break out below that level by the end of this week.
mlawson71 Posted March 17, 2021 Posted March 17, 2021 It is still testing 1.1900, it may still break out below that level by the end of this week.
mlawson71 Posted March 18, 2021 Posted March 18, 2021 Consolidation still continues.a breakout by the end of this week seems less and less likely.
mlawson71 Posted March 19, 2021 Posted March 19, 2021 Clearly the pair will close around 1.1900. Hopefully next week we will see it form a breakout finally.
mlawson71 Posted March 20, 2021 Posted March 20, 2021 It closed at 1.1900 as I thought it would. Let's see whether there will be a breakout next week.
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