mlawson71 Posted November 4, 2021 Posted November 4, 2021 It broke out below 1.1550, I think it will continue depreciating to 1.1500, perhaps even below that level.
mlawson71 Posted November 5, 2021 Posted November 5, 2021 It bounced off from 1.1520, I doubt we'd see a breakout below 1.1500 this week.
mlawson71 Posted November 6, 2021 Posted November 6, 2021 Let's see whether there will finally be a breakout next week.
mlawson71 Posted November 8, 2021 Posted November 8, 2021 The pair remains very undecided today, but it's Monday, and that is normal for this time of the week.
mlawson71 Posted November 9, 2021 Posted November 9, 2021 I think it may have developed a double bottom around 1.1530 after all. Unless it breaks out below that level the move south may halt.
mlawson71 Posted November 10, 2021 Posted November 10, 2021 It's testing 1.1535 again, but so far there is no breakout. I fear this consolidation will continue developing this week.
mlawson71 Posted November 11, 2021 Posted November 11, 2021 It broke out below 1.1500 after all and it remains quite bearish, we may see it drop further to 1.1400 this week.
mlawson71 Posted November 12, 2021 Posted November 12, 2021 It remains very bearish. I think next week we may see a further move south. I wonder whether it will drop below 1.1400 too.
mlawson71 Posted November 15, 2021 Posted November 15, 2021 It remains very bearish today and it is testing 1.1435 again. I think the move south will continue this week.
mlawson71 Posted November 16, 2021 Posted November 16, 2021 It has dropped to 1.1330 and it remains quite bearish, I think it will likely drop to 1.1300 soon too.
mlawson71 Posted November 17, 2021 Posted November 17, 2021 I think we may see some correction after the latest drop, but after that there will likely be a new move south.
mlawson71 Posted November 18, 2021 Posted November 18, 2021 It formed a very obvious doji candle on the daily time frame around 1.1300, so we may see a correction now after all.
mlawson71 Posted November 19, 2021 Posted November 19, 2021 It barely managed to move north and is now back to testing the support at 1.1250. The pair is very bearish still.
mlawson71 Posted November 20, 2021 Posted November 20, 2021 Let's see whether it will continue moving south next week.
mlawson71 Posted November 22, 2021 Posted November 22, 2021 The pair continues depreciating this week, as I thought it may, next target is likely around 1.1200.
mlawson71 Posted November 23, 2021 Posted November 23, 2021 It found some support at 1.1230 but it remains quite bearish for now. So far I don't see any signal that it is about to start a major correction.
mlawson71 Posted November 24, 2021 Posted November 24, 2021 It dropped below 1.1200 as I thought it may. The last low is all the way down to 1.0630, formed in March 2020. It'd be interesting to see if it depreciates to that level eventually.
mlawson71 Posted November 25, 2021 Posted November 25, 2021 It looks very bearish, I agree. We'll probably see it depreciate below 1.1300 soon.
mlawson71 Posted November 26, 2021 Posted November 26, 2021 It pulled back from 1.1200 and I think next week we may finally see some correction forming.
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