eur/usd EUR/USD

[mlawson71]

The market will reopen again soon, let's see whether this week there will be any changes.

[mlawson71]

It's still consolidating around 1.1900, so far there no major changes but those rarely occur this early on Monday.

[mlawson71]

The pair remains very undecided around 1.1900, frankly when it gets like this it's best not to trade it at all until it picks a direction.

[mlawson71]

It reached the last low at 1.1845 and it may be forming a double bottom. If it is we may see a new move north but a breakout is still possible, I think.

[mlawson71]

It dropped below 1.1845. The next long-term target is likely all the day down to 1.1600.

[mlawson71]

It dropped to 1.1760 and it remains quite bearish. Next week the move south will likely continue.

[mlawson71]

It's currently testing 1.1770 and it has formed something of a double bottom on the four-hour time-frame. We'll have to wait and see how it will develop.

[mlawson71]

It dropped below 1.1770 and the move south continues, next target is likely 1.1700.

[mlawson71]

It dropped to 1.1700 as I thought it would but it has not broken out below that level. That is still certainly a possibility, I think.

[mlawson71]

The pair remains very bearish on the monthly time-frame. The long-term target remains around 1.1600, I think.

[mlawson71]

It is back at 1.1770 after bouncing off from 1.1700. Next week we may see some retracement before it continues dropping.

[mlawson71]

It is back at 1.1770 after bouncing off from 1.1700. Next week we may see some retracement before it continues dropping.

[mlawson71]

Well, it closed at 1.1760, about as undecided as it has ever been. Hopefully next week the picture will be clearer.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

It's moving back south,we will likely see it drop to 1.1700 yet again but whether it will break out below that level is unclear.

[mlawson71]

It's quite bullish now. It rallied past 1.1800 and continues moving north, it may even reach 1.1850.

[mlawson71]

It remains quite bullish today. It reached 1.1850 and rallied past that level, next target is likely around 1.1900.

[mlawson71]

The pair formed a shooting star candlestick on the daily time-frame. That is a pretty clear signal for a reversal, so the move north is likely over for now.

[mlawson71]

The pinbar on the daily time-frame turned out to be a false signal, the move north is clearly not over yet. That's really quite disappointing.

[mlawson71]

It remained very bullish as it closed, next week it may rally back toward 1.2000 next week, I think.