mlawson71 Posted December 18, 2019 Posted December 18, 2019 It found a resistance at 1.1175, I should have known better than to expect big changes in the week before Christmas.
mlawson71 Posted December 19, 2019 Posted December 19, 2019 EUR/USD is back to testing the support at 1.1115 - 1.1100. Even if it breaks out below that level it may not drop much lower.
mlawson71 Posted December 20, 2019 Posted December 20, 2019 EUR/USD is back at 1.1100 and it may break out below it to depreciate to 1.1060.
mlawson71 Posted December 21, 2019 Posted December 21, 2019 Christmas is next week so I don't expect any major volatility.
mlawson71 Posted December 23, 2019 Posted December 23, 2019 The pair is stuck around 1.1080 two days before Christmas and it will likely stay that way.
mlawson71 Posted December 24, 2019 Posted December 24, 2019 EUR/USD is currently mildly bearish during the holidays, it may depreciate back to 1.1050 or 1.1030 after Christmas.
mlawson71 Posted December 26, 2019 Posted December 26, 2019 Christmas passed but EUR/USD is still consolidating sideways, by the looks of it that won't end before 2020 comes along.
mlawson71 Posted December 27, 2019 Posted December 27, 2019 EUR/USD finally rallied today and is currently at 1.1150, let's see whether it will reach 1.1200.
mlawson71 Posted December 28, 2019 Posted December 28, 2019 It could not break out above 1.1190, but that may yet happen before the end of the year.
mlawson71 Posted December 30, 2019 Posted December 30, 2019 EUR/USD remains bullish and I would not be surprised if it it breaks out above 1.1200 despite the holiday season.
mlawson71 Posted December 31, 2019 Posted December 31, 2019 EUR/USD finally broke out above 1.1200 and continues rallying, it may reach 1.1250 before the end of this year.
mlawson71 Posted January 1, 2020 Posted January 1, 2020 EUR/USD decided to rally during the last day of 2019 and the first day of 2020 and reached 1.1240, it will likely break out above 1.1250 too.
mlawson71 Posted January 2, 2020 Posted January 2, 2020 It pulled back from 1.1240 which was to be expected after such a rally, but after a correction the move north will likely continue.
mlawson71 Posted January 3, 2020 Posted January 3, 2020 So much about a rally, the pair is back at 1.1130 and by the looks of it there may be a drop to 1.1100.
mlawson71 Posted January 4, 2020 Posted January 4, 2020 The depreciation stopped at 1.1120, let's see whether it will continue next week.
mlawson71 Posted January 5, 2020 Posted January 5, 2020 Either way, EUR/USD is at 1.1160 and it is unclear how it will develop for now, it's possible it will depreciate back below 1.1150.
mlawson71 Posted January 6, 2020 Posted January 6, 2020 It formed an inverted hammer candlestick at the support 1.1130 on the daily time-frame and bounced off from it, apparently this was the end of the current depreciation.
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