eur/usd EUR/USD

[mlawson71]

The range clearly continues today too, and so far there is no indication it will end anytime soon, unfortunately.

[mlawson71]

The range still continues and if you're a scalper it's probably a good thing, but it's pretty frustrating for everyone else.

[mlawson71]

It finally broke out above the established range and there is a significant bullish hammer candlestick on the monthly time frame. I think we will be seeing a move north.

[mlawson71]

It found some resistance at 1.1460, but after this breakout the move north will likely continue after a retracement.

[mlawson71]

It formed a shooting start 1.1480 after all, we will most likely be seeing a pullback over the next two days after this rally.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

It's bearish at the moment and it is yet to reach the breakout at 1.1380, although it will probably happen eventually.

[mlawson71]

It dropped back to the breakout as I thought it would. Now the question is whether it will go back into the range or bounce off from that level.

[mlawson71]

It dropped all the way to 1.1310 and returned into the previous range, which is very frustrating. Hopefully there will be another breakout soon.

[mlawson71]

It looks like it will continue developing within the range again. At this point it's unclear what could cause another breakout, the fundamentals are clearly not helping.

[mlawson71]

The pair remains very undecided and unfortunately we may not see a breakout this week again.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

Hopefully the range will finally end next week.

[mlawson71]

It dropped below 1.1300. I think it will depreciate back to 1.1210 - 1.1200, which is the support level of the range.

[mlawson71]

It's testing 1.1280. If it breaks out below that level it may depreciate to 1.1200, most likely.

[mlawson71]

It remains quite undecided. It looks like this week there will be no changes either.

[mlawson71]

It finally broke out below the range and it remains very bearish for now! I think next target may be around 1.1120.

[mlawson71]

It dropped to 1.1120 as I thought it would. Now let's see whether that support would hold.

[mlawson71]

Let's see how the market will develop next week - I think we may see a further move south.