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EUR/USD is still consolidating around 1.1280 and I think we may have to wait until the NFP on Friday for that to end.
 
The fundamentals pushed the pair further down and I think it will reach 1.1200 by the time the market closes today.
 
It's finally testing 1.1200 but I, personally, would not open another short before I see a proper breakout below that level.
 
The move north continues for now, I think we will see it rallying towards 1.1300 once again. The range is clearly not over yet.
 
This is the problem with sideways consolidations, signals in the middle of it often prove false. The move up clearly continues.
 
It rebounded from 1.1200 yet again after it formed an inverted hammer candlestick on the four-hour time-frame around that level. It'll probably rally back to 1.1250.
 
EUR/USD is forming something of a correction after it dropped to 1.1200, I think after that it may retest that level.
 
As I though, EUR/USD closed at 1.1220. The consolidation lasted this week too, hopefully next week we finally see a breakout.
 
Thanks!

As for today's development - the pair dropped to 1.1100 after the fundamentals but then bounced off from that level and we're left with another whipsaw, as usual.
 
EUR/USD continues moving south for now and it is about to test 1.1100. I am not sure whether there will be a breakout this week though.
 

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