The pair is very bullish - both the technical analysis indicated that and the fundamentals pushed it to the upside. The way it's rallying it could reach 1.1900 or even climb above it soon. The long-term target is probably the last high at 1.2092.

alozard wrote: Tue Nov 14, 2017 6:26 pm EUR/USD Daily

Good Elliot wave analysis right there.
Definitely a tool that is majorly overlooked by most traders (including myself) but is a must to learn!

There was a pullback from 1.1860 which is normal after such a sharp rally, but now the question is whether that rally will continue because the pullback also formed a shooting star candlestick on the daily time frame. A breakout above 1.1860 will confirm the further bullish movement.

EUR/USD is consolidating below 1.1800, the pair seems very undecided despite the shooting star candlestick on the daily time frame.

EUR/USD - Not really clear where the market is heading
I would wait for price test around 1.1745/50 and would use bouncing for scalp - but still need to see price action around that levels

The shooting star candlestick on the daily time frame turned out to be a good signal for a drop after all. I think it will probably depreciate to 1.1700 - 1.1650.

EUR/USD rebounded from 1.1710 and is rising again. It looks like the sideways consolidation will become even narrower.

The consolidation finally ended - sometimes it feels like it lasts forever. The pair is currently very bullish and I wouldn't be surprised if it reaches at least 1.2000.

EUR/USD - Today's new high (above the Friday's one) shows a bit exhausted movement and the bulls may not protect it .
I am expected a slight price correction and would be looking for new entry (buy) around 1.1850/55 roughly - depending how the market is moving.

FrancoisT wrote: Tue Nov 28, 2017 2:10 am EUR/USD - Today's new high (above the Friday's one) shows a bit exhausted movement and the bulls may not protect it .
I am expected a slight price correction and would be looking for new entry (buy) around 1.1850/55 roughly - depending how the market is moving.

Do you think the correction is over now? Is it time for new longs?