It looks like it. I think we will see a depreciation to 1.1550 at least.

REALEY wrote: Tue Oct 26, 2021 5:25 am Looking for a strong move back to the downside as well this week.

Quite possible - the weekly chart has been down since June, 6th - with only one big pullback towards the end of August: so nothing new there.
There still is this resistance around 1.1586 (which was also tested for a while on its way up in 2020), though.
update: screenshot H1: and there it is: hope you were in on it.

Looking at EURUSD to complete this sell model it is in at the moment which seems to be supported with DXY doing so with a buy model.

Meanwhile the efforts to introduce a digital Euro are heating up, it seems - the newest development is the Market Advisory Group additions of at least new 30 senior professionals that will add their expertise. The European Central Bank (ECB) is the prime mover here, naming the group ‘The Eurosystem’s High-Level Task Force on Central Bank Digital Currency”.

Some of the major contributors to the Digital Euro Market Advisory Group are Deutsche Bank, Societe General, BBVA, and Nordea among many others.

It looks like the consolidation has not ended yet - it's back at 1.1570. I doubt we will see any major changes by the time the market closes later today.

The pair remains quite undecided, hopefully it will find a direction after the fundamentals tomorrow.

It's testing the support at 1.1550 again. A breakout would likely lead to a further drop below 1.1500.

mlawson71 wrote: Fri Nov 05, 2021 1:15 am It's testing the support at 1.1550 again. A breakout would likely lead to a further drop below 1.1500.

You said this several times already. Hasn't happened, yet, may happen of course, but:
One wonders: has the analysis on
viewtopic.php?p=1295448911#p1295448911
changed in any significant way?
One should trade what is there, not what one hopes to see in the future (Janis Joplin: ...."because as we discover on the train tomorrow never happens, man, it's all the same fucking day, man....").

Well, that breakout likely won't happen this week at all. I've given up hope about that.

Agreed, last breakout was so powerful, its tough to say anything for now.