The zone around 1.1860 - 1.1870 is proving to be a very strong resistance zone, the pair bounced from it yet again and it looks like it will begina sideways consolidation between that zone and 1.1730.

EUR/USD is back at the support of the range at 1.1730. A possible breakout below that support could lead to a drop towards 1.1665, which is the MA89 on the D1 chart.

EUR/USD - Just a short description for this market during next days: "dollar week"
My expectations are for price decline and test around 1.1660/80 (the level seems to be a neck line on massive H&S formation on daily chart, which in case of confirmation will have a target of price decline around 1.1260/80. Even in case of breaks below of 1.1660/80, price decline will not be as a "guillotine" movement

The pair has formed both a hammer and an inverted hammer bar on the H4 time frame at 1.1730. I think that is a good indication that the support at that level will hold.

On monthly chart the Price broke 1.143 level so testing of this level would be there if not now then sooner or later will need to test this line.

EUR/USD broke out below 1.1670 after ECB press conference yesterday and today it continues to depreciate. I wouldn't be surprised if it reaches 1.1500.

EUR/USD - The clear break below the H&S neckline on daily chart offers a way for significant dollar rising during the next days / weeks. Sentiment is in favor of the green money now and I believe euro risings (corrections) could be used to add in mid term sell exposure here. Formation target is around 1.1290/1.3010

EUR/USD is consolidating above 1.1570 for a third day now. A breakout below that support could lead to a drop to 1.1400.

mlawson71 wrote: Wed Nov 01, 2017 12:48 am EUR/USD is consolidating above 1.1570 for a third day now. A breakout below that support could lead to a drop to 1.1400.

Good looking out mate. Agreed!

And just a heads up to all that major support and resistance worth marking on your charts as per below:

Weekly support at: 1.15810
Daily resistance at: 1.17140
Monthly resistance far away at: 1.19190

We've seen earlier a short spike to 1.1670 as the comments in regard to the Tax cut only for a temporary period of time thus weaken the USD. However, technically the pair should finish the correction around 1.1675-90 area .