eur/usd EUR/USD

[mlawson71]

It certainly found some support at 1.1700, we may see a pullback to the north in the next few days, I think.

[mlawson71]

It started consolidating above 1.1700. I fear that may continue until the end of the week.

[mlawson71]

It's back above 1.1700. The consolidation will likely continue until the end of the week.

[mlawson71]

It is depreciating back to 1.1700. As I thought, the consolidation will likely last until the market closes.

[mlawson71]

It closed at 1.1715. Hopefully next week the consolidation will end.

[mlawson71]

Let's see how the pair will develop next week!

[mlawson71]

It formed a double bottom at 1.1680, we may see a significant move to the north again after all.

[mlawson71]

So much about the double bottom, it broke out below that level and it is now depreciating further toward 1.1650.

[mlawson71]

EUR/USD is falling like a rock at the moment. Personally, I think it will reach 1.1600 and may break out below that level.

[mlawson71]

It broke out below the last low from last year at 1.1600. It's more or less in freefall right now.

[mlawson71]

The last low, formed in March last year, was at 1.0630. I doubt it could drop that low without any of serious correction, but we will have to wait and see.

[mlawson71]

It dropped to 1.1560. Even if we see some retracement next week it will likely remain very bearish.

[mlawson71]

Let's see whether the move south will continue next week.

[mlawson71]

It found some support at 1.1560 and bounced off from it. After such a drop some correction is expected, but I think it remains bearish in the long-term.

[mlawson71]

It's consolidating around 1.1600, so far it's quite undecided. That said, I do think we'll be seeing a correction to the upside.

[mlawson71]

It remains very bearish. I think it will soon depreciate further to 1.1500.

[mlawson71]

The pair remains very bearish today, I think we will see it drop to 1.1500 eventually, although it may not happen this week.

[mlawson71]

It remains quite bearish, although I doubt we will see it break out below that level this week.

[mlawson71]

Even though it found some support at 1.1550, I think that next week we will see it depreciate further.

[mlawson71]

It's consolidating around 1.1560 at the moment but I think we'll see another depreciation this week, possibly after some retracement.