mlawson71 Posted July 24, 2021 Share Posted July 24, 2021 It closed at 1.1770, let's see whether there will finally be a breakout next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 24, 2021 Share Posted July 24, 2021 It closed at 1.1770, let's see whether there will finally be a breakout next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 25, 2021 Share Posted July 25, 2021 Let's see whether it will drop below 1.1770 next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 26, 2021 Share Posted July 26, 2021 It bounced off from 1.1770 and is rather bullish at the moment, it may climb above 1.1800 to gear up for another attempt at the support at 1.1770. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 27, 2021 Share Posted July 27, 2021 So far it's testing 1.1810 - the range is getting tighter and tighter, soon we should see a breakout. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 28, 2021 Share Posted July 28, 2021 It's stuck between 1.1800 and 1.1770, that is a pretty tight range. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 29, 2021 Share Posted July 29, 2021 It broke out above 1.1800. I think it will rally to at least 1.1900 this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 30, 2021 Share Posted July 30, 2021 It briefly touched 1.0910 and bounced off from it, so far there is no breakout and there likely won't be one this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted July 31, 2021 Share Posted July 31, 2021 Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 1, 2021 Share Posted August 1, 2021 Hopefully next week the range will finally end. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 2, 2021 Share Posted August 2, 2021 It is testing the resistance at 1.1900, hopefully there will be a breakout this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 3, 2021 Share Posted August 3, 2021 It's still testing 1.1900 but it is quite bullish, I think we may see a breakout soon. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 4, 2021 Share Posted August 4, 2021 It looks like it is about to bounce off from 1.1900 again. The range apparently continues to develop. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 5, 2021 Share Posted August 5, 2021 The pair is still stuck in a sideways consolidation. It may not end this week after all. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 6, 2021 Share Posted August 6, 2021 It's well and truly stuck in its consolidation. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 7, 2021 Share Posted August 7, 2021 It closed at 1.1760, hopefully next week there will finally be a breakout. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 8, 2021 Share Posted August 8, 2021 Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 9, 2021 Share Posted August 9, 2021 It bounced off from 1.1740. So far the sideways consolidation continues, I think. Link to comment Share on other sites More sharing options...
mlawson71 Posted August 11, 2021 Share Posted August 11, 2021 It has almost reached 1.1700. I think it will likely drop below that level. Link to comment Share on other sites More sharing options...
RusefSandi Posted August 11, 2021 Author Share Posted August 11, 2021 Forex News - EUR/USD rebounds toward 1.1750 with initial reaction to US CPI data EUR/USD gained nearly 30 pips on renewed USD weakness. US Dollar Index turned negative on the day below 93.00. US annual CPI stayed unchanged at 5.4% in July. After dropping toward 1.1700 earlier in the day, the EUR/USD pair managed to stage a sharp rebound in the early American session and was last seen rising 0.2% on the day at 1.1743. DXY reverses direction after July inflation report The renewed USD weakness seems to be helping EUR/USD gain traction in the second half of the day. The data published by the US Bureau of Labor Statistics revealed on Wednesday that the Consumer Price Index (CPI) stayed unchanged on a yearly basis at 5.4% in July. Moreover, the Core CPI edged lower to 4.3% as expected from 4.5% registered in June. Breaking: US annual CPI inflation stays unchanged at 5.4% in July vs. 5.3% expected. Although these prints came in largely in line with analysts' estimates, the initial market reaction put the greenback under modest selling pressure. As of writing, the US Dollar Index was down 0.18% on a daily basis at 92.90. In the meantime, Richmond Federal Reserve Bank President Thomas Barkin told Reuters that it could take a few more months before they reach the Fed's taper benchmark. Later in the session, Atlanta Federal Reserve Bank President Raphael Bostic will be delivering a speech. Additionally, the 10-year US Treasury note auction at 1700 GMT will be watched closely by market participants. 1 Link to comment Share on other sites More sharing options...
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