EUR/USD - Near to mid support. Looks good scalp opportunity to enter in a counter trade (long @ current 1.1615 with target around 1.1645/50 and relatively tight stop)

Unsurprisingly it's finally forming a correction, but I don't think the downward trend has ended just yet.

There is a Large DNT BARRIER placed 1.2500 vs. 1.1500. Both should be broken. Bulls want 1.2516 and bears want 1.1483.

LONG 1.1455 should trigger 1.2516.

Best regards

JUMBO

I think I'd rather wait out the current consolidation before opening new positions in either direction.

There are so many fundamentals this week, will anyone actually trade this pair?

What news did just come out that EUR/USD is falling suddenly so sharply?! What did I miss?

Either way, next week we'll probably see a retracement of that major drop. It may even climb above 1.1700.

I thought the range would've ended by now, but it's still stuck above 1.1500. Does anyone have any ideas when it may end?

I think it may have formed a triple bottom around 1.1500, next week we may see a new rally.

It pulled back from 1.1790, the pair remains very undecided. We could trade the range though.