eur/usd EUR/USD

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

The consolidation continues today. It's likely the usual summer range has begun.

[mlawson71]

The move north continued today, finally! I think we may see it rally to 1.2300.

[mlawson71]

It found some resistance at 1.2260 but I think the move north will likely continue eventually.

[mlawson71]

The consolidation continues today too. I think there won't be a breakout above 1.2300 this week.

[mlawson71]

As I thought, the pair remained as undecided as yesterday. I doubt there will be any changes this week.

 

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

The market should reopen again soon, the move south may continue.

[mlawson71]

It has a doji candlestick on the daily time-frame, that is a sign of indecision. Let's see whether that was the end of the move south.

[mlawson71]

The resistance is around 1.2250. So far there is no indication for a breakout though.

[mlawson71]

It dropped back down to 1.2175. The pair remains very undecided.

[mlawson71]

The pair is testing 1.2185, if it breaks out below that level it may continue depreciating toward 1.2100.

[mlawson71]

It dropped back down to 1.2100 as I thought it would and by the looks of it the pair may depreciate further.

[mlawson71]

It rallied back to 1.2170 before it closed, the pair remains very undecided.

[mlawson71]

It's still consolidating sideways, so much about a new move south.

[mlawson71]

EUR/USD remains pretty undecided today and I decided to stop trading it until I see a good signal.

[mlawson71]

It's testing 1.2200 again but I doubt the move north will be very large even if it breaks out above that level.

[mlawson71]

As I thought, we didn't see much of a move north, and the pair is depreciating back toward 1.2150.

[mlawson71]

The pair remains completely und there likely won't be any breakouts by the end of this trading week.

[mlawson71]

It dropped back to 1.2100. Next week we may see it drop below that level.