Looking at the current situation of EUR/USD, it's not possible to draw any conclusion.

I think it may have formed a double bottom at 1.1535, visible on the daily time-frame.

It broke out below 1.1535. I was wrong about that double bottom, but I am glad the consolidation seems to be finally over.

It remains quite bearish today, I think it will likely continue dropping toward 1.1400.

Navy8 wrote: Tue Nov 09, 2021 11:18 pm Looking at the current situation of EUR/USD, it's not possible to draw any conclusion.

I agree, maybe

It is at low, forming many low lows, hope find some support on next week.

It's possible, but it's quite bearish, even if it retraces the further development should be to the downside.

As I thought, it dropped below 1.1400. I wouldn't be surprised to see it depreciate to 1.1300 too.

The 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.

Proper account blower this week