On a weekly and monthly charts it looks like we are on the verge of a reversal. At least should be targeting 1.14/1.13. However the market could be overbought or oversold in long term, so the time will show whether it's a reversal or a clean breakout

EUR/USD made another attempt to break out above 1.2070, but so far it has been unsuccessful. The pair might retrace back to the support at 1.1920 or even break out below that level.

The bullish movement continues, after all, despite the retracement yesterday. EUR/USD formed a new high at 1.2090 and it may soon break out above the next major resistance at 1.2100.

I didn't make a real analysis but it looks good that the idea isn't off the table. Strong bullish movement stopped, some laggards went in, but the support for going further high is absent. RSI14 was OB and has a divergence, looks like the top of EW wave 5 and so we can still see our retracement.

It appears that there will be at least a temporary retracement as EUR/USD formed another shooting star bar on the D1 time frame at 1.2092. That said, the overall bullish trend is not over yet and the rally will probably continue afterwards.

EUR/USD - looks tend to go up again. For those who does not want to look to much over the charts, long @ 1.1955/45 current levels with 50 to 60 points stop may works
More precise entry would be in case of test at 1.1920/25 with tighter stop

Goldman Sachs lowers U.S. third-quarter GDP forecast after Harvey, Irma

NEW YORK (Reuters) - Goldman Sachs economists lowered their forecast for U.S. economic growth in the third quarter by 0.8 percentage point to 2.0 percent, based on an expected slowdown in business activity due to damage from Hurricanes Harvey and Irma.

“If damages are significantly higher — or if Florida flooding continues to weigh on consumer spending and housing/investment activity into late September and October — we would expect additional downside to near-term growth,” they wrote in a research note released late on Monday.


https://www.reuters.com/article/us-usa- ... BN2AC?il=0

As per the moment is difficult to hold up to 1.19 I prefer sit back and watch.i do not see any signals as there is no major event for ECB this wee , the only hope is that the EUR index rises to 92 again or USD index goes down to 91

The EUR/USD retracement is either over or the pair has begun to form a sideways consolidation above the support at 1.1835 because the pair formed a hammer bar above that level on the D1 time frame and bounced off from it. Which one of these scenarios is more valid depends on whether there will be a breakout above the last high at 1.2092 or the pair will bounce off from it again.

EUR/USD - is forming a wide range between 1.1850 and 1.2570/80, while currently the price is in the middle of the range - a very good moment for "proven battle tactic by using a coin"