mlawson71 wrote: Sun Oct 06, 2019 3:01 am The market closed at 1.0980 and remains bullish for now, we will likely see a breakout above 1.1000 next week.

• The upside momentum in EUR/USD remains so far capped by the 21-day SMA in the 1.10 neighbourhood.
• The inability of the pair to quickly break above last week’s tops around 1.10 carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
• In addition, while below the 3-month resistance line, today at 1.1029, the bearish view is expected to remain unchanged.

• EUR/USD is finding increasingly difficult to break above the critical resistance at the 1.10 barrier.
• The inability of the pair to break above this area of resistance in the near term carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
• In addition, while below the 3-month resistance line, today at 1.1018, the bearish view is expected to remain unaltered.

mlawson71 wrote: Wed Oct 09, 2019 1:21 am I thought EUR/USD would rally, but the shooting star below 1.1000 it formed yesterday on the daily time-frame is making me suspicious that the move north may be over after all.

• EUR/USD has resumed the upside after two daily retracements in a row and it has refocused its attention to the key barrier at 1.10 the figure.
• In the meantime, the downside pressure is expected to return to the market after a consolidative phase if spot does not clear this critical barrier in the near term.
• In addition, while below the 3-month resistance line, today at 1.1014, the bearish view is expected to remain unaltered.

mlawson71 wrote: Thu Oct 10, 2019 2:34 am I saw. I closed my positions and I am waiting to see either a breakout or a proper move to the downside.