mlawson71 Posted September 5, 2019 Posted September 5, 2019 EUR/USD rallied above 1.1050 and reached the resistance at 1.1085, let's see whether it will break out above it too.
mlawson71 Posted September 6, 2019 Posted September 6, 2019 It formed a spinning top below 1.1085 but that does not necessarily mean a reversal. The move to the upside may still continue.
mlawson71 Posted September 7, 2019 Posted September 7, 2019 EUR/USD closed at 1.1025 below the spinning top, but the move north may still continue next week.
mlawson71 Posted September 8, 2019 Posted September 8, 2019 I wouldn't touch this pair until the current consolidation finally ends.
mlawson71 Posted September 9, 2019 Posted September 9, 2019 Sideways consolidation continues for now. It looks like it will be another slow Monday for EUR/USD.
mlawson71 Posted September 10, 2019 Posted September 10, 2019 It's forming multiple spinning top and shooting star candlesticks around 1.1085 on the daily time-frame, the move south may continue after all.
mlawson71 Posted September 11, 2019 Posted September 11, 2019 EUR/USD began depreciating as I thought it may, but it's yet to break out below the last low at 1.0925. Let's see whether it will do that or form a double bottom.
mlawson71 Posted September 12, 2019 Posted September 12, 2019 It formed a double bottom after all, at 1.0925. There will likely be a new move north.
mlawson71 Posted September 13, 2019 Posted September 13, 2019 EUR/USD found some resistance at 1.1110 but I think next week the pair will likely continue moving north.
mlawson71 Posted September 13, 2019 Posted September 13, 2019 It closed slightly below 1.1100. But, as I said, I think we'll see a new rally next week.
mlawson71 Posted September 15, 2019 Posted September 15, 2019 The market opens again today, let's see whether EUR/USD will continue moving to the upside.
mlawson71 Posted September 16, 2019 Posted September 16, 2019 So much about a new rally, it bounced off from 1.1100 and by the looks of it the pair may retest the double bottom at 1.0925.
Dalton33 Posted September 17, 2019 Posted September 17, 2019 Malwson, thank you for starting this thread. I find it very informative as EURUSD is one of the most traded currencies. I am also following your levels in order to check my analysis. I am happy that we have same views on the future development of this currency pair. I also see it below $1.1
mlawson71 Posted September 17, 2019 Posted September 17, 2019 Sideways consolidation apparently continues. Next target is likely around 1.1050.
mlawson71 Posted September 18, 2019 Posted September 18, 2019 It did reach 1.1050 and is currently consolidating around that level. That consolidation likely won't end before the fundamentals tonight.
mlawson71 Posted September 19, 2019 Posted September 19, 2019 The pair is stubbornly testing the resistance around 1.1050 - 1.1070, and even if it breaks out above it there is another resistance at 1.1110 which needs to be overcome for it to continue rallying.
mlawson71 Posted September 20, 2019 Posted September 20, 2019 It's testing the support at 1.1015 but the sideways consolidation clearly continues. I don't think there will be a breakout in either direction by the time the market closes today.
mlawson71 Posted September 21, 2019 Posted September 21, 2019 As I thought, there was no breakout for EUR/USD. Hopefully we'll finally see an end of the consolidation next week.
mlawson71 Posted September 22, 2019 Posted September 22, 2019 Let's see how it will develop next week.
mlawson71 Posted September 23, 2019 Posted September 23, 2019 The support at 1.0965 remains unbroken, and even if EUR/USD does break out below it the pair will also have to break out below 1.925 in order to continue depreciating.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now