eur/usd EUR/USD

[mlawson71]

Let's see how it will develop.

[mlawson71]

It's testing 1.2100 again, but I wouldn't open a new short before a proper breakout.

[mlawson71]

It's consolidating above 1.2100 continues today, but so far there is no indication for a breakout.

[mlawson71]

It's yet to break out below 1.2100, we have to wait  and see whether such breakout will occur at all.

[mlawson71]

It finally broke out below 1.2100 and it remains very bearish. Next target is likely at 1.1900.

[mlawson71]

It dropped to 1.1885 but I think the depreciation is over for the moment and we may see some correction.

[mlawson71]

Clearly the move south did not end. Next week we may see more depreciation before a correction finally begins.

[mlawson71]

Let's see how it will develop next week. A correction is quite likely.

[mlawson71]

It dropped to 1.1850. I wonder where it will finally find a proper support.

[mlawson71]

1.1850 did prove to be a pretty strong support, now we may finally see some correction.

[mlawson71]

The correction started as I thought it would, I think it may climb back to 1.2000.

[mlawson71]

It's testing 1.1950 but so far it has not broken out above that level. It may still happen this week.

[mlawson71]

By the looks of it we won't see a breakout above 1.1950 this week, unfortunately.

[mlawson71]

The pair closed at 1.1949, next week the correction should continue.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

It dropped back down to 1.1900, next target will likely be the last low around 1.1850.

[mlawson71]

The pair remains bearish for now, but so far it has not depreciated back to 1.1850.

[mlawson71]

As I thought, it formed a double bottom at 1.1850. Now let's see whether the move north will resume.

[mlawson71]

Despite the double bottom, it dropped below 1.1850. It looks like it was a false signal for a move north.

[mlawson71]

It looks like it found some support at 1.1800.Let's see how it will develop next week.