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Forex News EUR/USD

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mlawson71

Member
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.
 

mlawson71

Member
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.
 

mlawson71

Member
The fundamentals pushed the pair below 1.1100 finally. It found some support at 1.1025 but it will probably continue depreciating.
 

mlawson71

Member
It formed a very impressive hammer candlestick at 1.1025 on the daily time-frame, it looks like it is time for some correction.
 

mlawson71

Member
As I thought, EUR/USD rallied this week. It is already at 1.1200 and it will likely break out above it and continue towards 1.1300.
 

mlawson71

Member
EUR/USD pulled back from 1.1250 and it's obvious the range is still in place but I think we will see it rallying again.
 

mlawson71

Member
EUR/USD did form a very noticeable spinning top on the weekly time-frame at 1.1025, so I think the current move north may not be short-lived.
 

mlawson71

Member
EUR/USD is rising back up towards 1.1230 but so far there has been no breakout below or above the consolidation. I doubt it will happen today.
 

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