Forex News EUR/USD

[Vu Manh Ha]

Thank you for this good insight on EURUSD analysis

 

[mlawson71]

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.

 

[mlawson71]

The fundamentals pushed the pair further down and I think it will reach 1.1200 by the time the market closes today.

 

[mlawson71]

EUR/USD remains bearish and I think we will soon see it depreciate below 1.1200, then continue towards 1.1165.

 

[mlawson71]

It's finally testing 1.1200 but I, personally, would not open another short before I see a proper breakout below that level.

 

[mlawson71]

EUR/USD rebounded from 1.1190. I was really hoping for a proper breakout below 1.1200 but it was clearly not to be.

 

[mlawson71]

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.

 

[mlawson71]

This is the problem with sideways consolidations, signals in the middle of it often prove false. The move up clearly continues.

 

[mlawson71]

EUR/USD is bouncing off from 1.1280 yet again, I think we may see it depreciate towards 1.1200 again.

 

[mlawson71]

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.

 

[mlawson71]

EUR/USD is forming something of a correction after it dropped to 1.1200, I think after that it may retest that level.

 

[mlawson71]

The sideways consolidation continues and it looks like it won't end this week.

 

[mlawson71]

As I though, EUR/USD closed at 1.1220. The consolidation lasted this week too, hopefully next week we finally see a breakout.

 

[mlawson71]

EUR/USD is still stuck where it was last week, I think we'll probably see it return back towards 1.1280.

 

[Ajiboye Stephen]

Thank you all this really helped

 

[Priya]

Good Job mlawson71

 

[mlawson71]

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]

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.

 

[janv1802]

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.

Will it bounce nextweek?
Is it good to buy?

 

[mlawson71]

It's still testing 1.1110, I am not opening another short without a proper breakout.