eur/usd EUR/USD

[mlawson71]

With the marketing opening soon again we will likely see a further move south.

[mlawson71]

It bounced off 1.1120 as I suspected it may, but this may be just a pullback to attempt a new breakout of that support level.

[mlawson71]

It rallied back above 1.1240. It looks like the range will continue yet again.

[mlawson71]

It's back in the range and it may rally back toward 1.1380, unfortunately.

[mlawson71]

It rallied back to 1.1450 and it remains quite bullish. Let's see whether it will climb above 1.1480.

[mlawson71]

It tested 1.1480 again but it is yet to break out above that level. If it does, I may open a new long position.

[mlawson71]

Let's see how it will develop next week.

[elena980]

The EUR/USD pair quickly switched a to the front European meeting plunge to sub-1.1300 level and spiked to roomy multi-day tops, in the district of the 1.1330 areas as of now.

The pair got a few speedy offers at the start of a further exchanging week and underlying the area of Friday's goodish ricochet from three-month lows along together as well as the predominant selling inclination encompassing the US Dollar.

Developing hopefulness resulting to again accumulation continue in the US-China exchange talks kept the USD bulls upon the protective and was viewed as one of the key variables pushing the pair far away-off ahead through the mid-European meeting upon Monday.

In the interim, dissipate members presently appeared to have completely processed Friday's downbeat explanation by ECB board fan Benoit Coeure, saying that the district's log jam had been more profound and more extensive than expected.

Coeure's clarification added hosed expects a first ECB digestion rate climb this year yet fruitless to impede the continuous at the very front development, yet it is not yet clear assuming the pair can security the strength or rapidly run out of steam at future levels.

[mlawson71]

It's struggling to break out above 1.1480. It looks suspiciously like a double top, unfortunately. I hope that is not the case, because if it is that would mean a new move south.

[mlawson71]

It looks like it bounced off from 1.1480, which proves to be a pretty stubborn resistance, so for now it's still stuck in the range.

[mlawson71]

It's stuck consolidating around 1.1430. Since it's still within the range we may see yet another move south soon.

[mlawson71]

EUR/USD is testing 1.1480 again, we may finally see a breakout to the upside, perhaps.

[mlawson71]

It's moving south now that it's bounced off of 1.1480. Clearly the range is not nearly over.

[mlawson71]

It dropped to 1.1340, next week we may see it depreciate even further.

[mlawson71]

As I thought, the move south continues. Next target is likely around 1.1220.

[mlawson71]

It bounced off from 1.1300 and is now slowly moving north but I doubt that will last long.

[mlawson71]

Well, it closed at 1.1325. Hopefully next week it will fall below 1.1300 at least.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

It is bearish at the moment, but it is yet to break out below 1.1300, if it does at all, what with this range still going on.

[mlawson71]

The range is getting tighter, that often is a good indication the pair may have a breakout, finally.