eur/usd EUR/USD

[mlawson71]

It continues consolidating around 1.1010 and it appears very undecided for the moment.

[mlawson71]

It's finally at 1.1000 and by the looks of it the pair will depreciate below that support soon. If it does next target is likely at 1.0970.

[mlawson71]

It finally broke out below 1.1000 and it continues depreciating. I think we will soon see it reach 1.1070 and below.

[mlawson71]

EUR/USD rebounded from 1.0980 when the market closed last week, let's see whether the sideways consolidation continues this week.

[mlawson71]

It's consolidating around 1.1000 still. With the winter holidays approaching this consolidation may not end soon.

[mlawson71]

It's back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.

[mlawson71]

EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.

[mlawson71]

It's testing 1.1090 for now but it has also formed a pair of spinning tops around that level so whether it will rally above that resistance is unclear.

[mlawson71]

It reached 1.1100 after all but is yet to break out above the last high at 1.1115. If it does we may see EUR/USD rallying to 1.1150 again.

[mlawson71]

It pulled back to the resistance and closed at 1.1060, next week it will likely continue falling.

[mlawson71]

Let's see how it will develop.

[mlawson71]

It's stubbornly consolidating around 1.1070 and since the winter holidays are coming closer and closer I assume we won't see big changes before they end.

[mlawson71]

The pair remains very undecided, I think we will see it rally to 1.1100 again at best.

[mlawson71]

EUR/USD market volatility is winding down more and more ahead of the holidays, I think we won't see a new big movement in either direction in the next few days.

[mlawson71]

It's consolidating around 1.1130, I think we may see it reach 1.1150 and above by the end of the week.

[mlawson71]

EUR/USD did decide to rally above the consolidation before the end of the holidays after all, the pair rallied to 1.1200 today and remains quite bullish. Let's see whether it will break out above 1.1200 before the market closes today.

[mlawson71]

EUR/USD bounced off from 1.1200 last night and dropped back to 1.1115. Next week we may see it depreciate below 1.1100 after all.

[mlawson71]

Let's see how it will develop this week.

[mlawson71]

EUR/USD continues moving north, let's see, however, whether it will break out above 1.1200.

[mlawson71]

EUR/USD remains bullish but is yet to break out above 1.1200, which will likely happen this week.