Re: EUR/USD
1161Looking at the current situation of EUR/USD, it's not possible to draw any conclusion.
Re: EUR/USD
1162I think it may have formed a double bottom at 1.1535, visible on the daily time-frame.
Re: EUR/USD
1163It broke out below 1.1535. I was wrong about that double bottom, but I am glad the consolidation seems to be finally over.
Re: EUR/USD
1164It remains quite bearish today, I think it will likely continue dropping toward 1.1400.
Re: EUR/USD
1165I agree, maybeNavy8 wrote: Tue Nov 09, 2021 11:18 pm Looking at the current situation of EUR/USD, it's not possible to draw any conclusion.
Re: EUR/USD
1167It's possible, but it's quite bearish, even if it retraces the further development should be to the downside.
Re: EUR/USD
1168As I thought, it dropped below 1.1400. I wouldn't be surprised to see it depreciate to 1.1300 too.
Re: EUR/USD
1169The pair remained pretty bearish today despite that pinbar at 1.1300 on the daily time-frame. I thought there may be a correction, but it looks like I was wrong.
