eur/usd EUR/USD

[mlawson71]

It's back to testing 1.1330, but with the range that tight, personally I'd avoid trading it altogether.

[mlawson71]

Well, the range is over. All it took to end it was war in Ukraine.

[mlawson71]

It bounced off from 1.1100 again. We'll have to wait and see whether it will return into the range once again.

[mlawson71]

It closed back at 1.1265. So much about a breakout, for the moment at least.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

Indeed, it opened with a gap but it has almost recovered it. I assume it will recover it fully by the end of the day.

[mlawson71]

The pair dropped below 1.1100 and remains bearish. I think it will soon reach 1.1000.

[mlawson71]

EUR/USD is at 1.1050 and remains pretty bearish, I have little doubt it will depreciate to 1.1000 too.

[mlawson71]

It dropped below 1.0900. I guess 1.0800 is the next target, eventually.

[mlawson71]

By the looks of it, next week the pair will likely drop below 1.0900 and continue depreciating toward 1.0800.

[mlawson71]

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

[mlawson71]

The EUR is dropping like a rock, which was to be expected considering the current crisis. We may see a breakout below 1.0800 too.

[mlawson71]

It reached some support at 1.0850 but I don't think this is quite the end of the depreciation.

[mlawson71]

It bounced off 1.0850, I think it will pull back toward 1.1050 next.

[mlawson71]

It climbed all the way to 1.1120 before it bounced off from that level. Let's see whether it will drop below 1.1000 again.

[mlawson71]

I think next week we may see the pair drop below 1.0900 considering how bearish it is currently.

[mlawson71]

It closed at 1.0910. I wouldn't be surprised if it drops below 1.0900 next week.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

It's consolidating sideways for the moment but I think we may see a further move south this week.

[mlawson71]

It remains pretty undecided today, though I think it may drop to 1.0920.