Do you think it might keep going up or will it turn around and do a u-turn this week? :shock:mlawson71 wrote: Sun Oct 06, 2019 3:01 am The market closed at 1.0980 and remains bullish for now, we will likely see a breakout above 1.1000 next week.
EUR/USD Technical Analysis: Scope for some consolidation ahead of further losses
- The upside momentum in EUR/USD remains so far capped by the 21-day SMA in the 1.10 neighbourhood.
- The inability of the pair to quickly break above last week’s tops around 1.10 carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
- In addition, while below the 3-month resistance line, today at 1.1029, the bearish view is expected to remain unchanged.
Source: https://www.fxstreet.com/news/eur-usd-t ... 1910070842
