mlawson71 Posted January 7, 2020 Share Posted January 7, 2020 EUR/USD is consolidating around 1.1180, the pair is as undecided as it was before the holidays so how it will develop is unclear. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 11, 2020 Share Posted January 11, 2020 It failed to break out below 1.1085 after all and bounced off from it. Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 12, 2020 Share Posted January 12, 2020 Let's see how it will develop. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 13, 2020 Share Posted January 13, 2020 It's consolidating above 1.1100 and so far remains undecided, I don't see a signal for a change yet. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 14, 2020 Share Posted January 14, 2020 It's still testing the resistance at 1.3070 despite the signal for a move south, let's see whether will prove to be a false signal. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 15, 2020 Share Posted January 15, 2020 It briefly broke out above 1.1150 but now it's back below that level, whether there will be a true breakout remains to be seen. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 16, 2020 Share Posted January 16, 2020 The move north continues, I think. It broke out above 1.1150 and in my opinion we will see it reach 1.1200. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 18, 2020 Share Posted January 18, 2020 The market closed while the pair was still testing the support at 1.1090, next week it may continue depreciating. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 19, 2020 Share Posted January 19, 2020 Let's see how it will develop this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 20, 2020 Share Posted January 20, 2020 EUR/USD is still testing the support at 1.1090 - 1.1080 but I think it will keep depreciating later this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 21, 2020 Share Posted January 21, 2020 It found some support at 1.1075 but it's unclear for now whether it will bounce off from it. Link to comment Share on other sites More sharing options...
FxTrader24 Posted January 22, 2020 Share Posted January 22, 2020 EUR/USD Price Analysis: Inverted hammer has exposed trendline help Tuesday's inverted bearish hammer bolstered bearish setup. EUR/USD dangers falling to a three-month growing trendline. EUR/USD dangers falling to assist of the trendline rising from Oct. 1 and Nov. 29 lows. The pair carved out an inverted bearish hammer on Tuesday, as it faced rejection at 1.1118 and ended on a terrible note. That candle has bolstered the bearish view placed forward by using the lower highs setup created over the last two weeks. Also, the pair closed beneath 1.1085 (Jan. 10 low) on Tuesday, organizing a lower low. The pair, therefore, looks set to test the growing trendline guide at 1.1067. A violation there would expose 1.1040 (Dec. 6 low). On the better side, a close above the Jan. 16 high of 1.1173 is needed to invalidate the decrease highs installation and verify a bullish reversal. Link to comment Share on other sites More sharing options...
RusefSandi Posted January 22, 2020 Author Share Posted January 22, 2020 EUR/USD looks weak after rejection above 1.eleven EUR/USD is sidelined close to 1.1080 beforehand of the London open. Single currency failed to maintain profits above 1.11 on Tuesday notwithstanding upbeat German facts. The sentiment is quite bearish and a deeper drop to the 100-day average may want to be within the offing. EUR/USD is operating on slippery grounds, following Tuesday's rejection above 1.11. The foreign money pair had risen to an excessive of 1.1118 in the course of the European buying and selling hours on Tuesday, courtesy of upbeat German information. The German ZEW Indicator of Economic Sentiment rose 16 points to 26.7 in January to hit the highest value in view that July 2015. The ZEW information confirmed the economic system bottomed out in the closing zone of 2019 and is witnessing a rebound. Even so, EUR/USD's ruin above 1.11 was short-lived. The pair closed the day with 0.eleven% losses, generating an inverted hammer and confirming a head-and-shoulders breakdown on each day chart. The pair's failure to keep profits above 1.11 notwithstanding the upbeat German facts shows the sentiment is pretty bearish. As a result, a deeper decline to the 200-day average at 1.1067 cannot be ruled out. At press time, the pair is sidelined close to 1.1080. On the information front, Italy's Business Climate, Industrial Sales and Industrial Orders for November are scheduled for launch on Wednesday. These information sets, however, are not large marketplace movers. Across the pond, the United States housing information is due for release and will have an effect on the greenback. Live Forex Signals: Let visit for live forex signals without registration. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 22, 2020 Share Posted January 22, 2020 The pair has formed a hammer candlestick at the support at 1.1075 - 1.1080. It is quite likely that it will, indeed, bounce off from it. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 23, 2020 Share Posted January 23, 2020 EUR/USD also formed an inverted hammer at 1.1080, so even if the move north does not begin this week there will most likely be one next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 24, 2020 Share Posted January 24, 2020 Well, so much about a move north, that signal clearly proved false. It happens sometimes, unfortunately. EUR/USD is depreciating and may soon reach 1.1000. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 25, 2020 Share Posted January 25, 2020 It could not break out below 1.1000 this week but considering how bearish the pair is that may still happen once the market opens on Monday. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 26, 2020 Share Posted January 26, 2020 The market will open soon, let's see whether the depreciation will continue. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 27, 2020 Share Posted January 27, 2020 The pair remains bearish but it is yet to break out below 1.1000 which will likely happen later this week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 28, 2020 Share Posted January 28, 2020 It dropped to 1.1000 as I thought it would, I think it will break out below that level and continue depreciating toward 1.0980. Link to comment Share on other sites More sharing options...
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