mlawson71 wrote: Wed Oct 09, 2019 1:21 am I thought EUR/USD would rally, but the shooting star below 1.1000 it formed yesterday on the daily time-frame is making me suspicious that the move north may be over after all.

• EUR/USD has resumed the upside after two daily retracements in a row and it has refocused its attention to the key barrier at 1.10 the figure.
• In the meantime, the downside pressure is expected to return to the market after a consolidative phase if spot does not clear this critical barrier in the near term.
• In addition, while below the 3-month resistance line, today at 1.1014, the bearish view is expected to remain unaltered.