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Re: EUR/USD

Posted: Thu Jan 16, 2020 12:05 am
by mlawson71
It briefly broke out above 1.1150 but now it's back below that level, whether there will be a true breakout remains to be seen.

Re: EUR/USD

Posted: Fri Jan 17, 2020 12:13 am
by mlawson71
The move north continues apparently. It broke out above 1.1150 and I think we will see it reach 1.1200.

Re: EUR/USD

Posted: Sat Jan 18, 2020 1:11 am
by mlawson71
I absolutely cannot stand consolidations like this.
Well, at least there was a shooting star candlestick at 1.1170 on the daily time-frame before the new move south began.

Re: EUR/USD

Posted: Sat Jan 18, 2020 11:52 pm
by mlawson71
The market closed while the pair was still testing the support at 1.1090, next week it may continue depreciating.

Re: EUR/USD

Posted: Mon Jan 20, 2020 11:44 pm
by mlawson71
EUR/USD is still testing the support at 1.1090 - 1.1080 but I think it will keep depreciating later this week.

Re: EUR/USD

Posted: Tue Jan 21, 2020 11:30 pm
by mlawson71
It found some support at 1.1075 but it's unclear for now whether it will bounce off from it.

Re: EUR/USD

Posted: Wed Jan 22, 2020 11:38 pm
by mlawson71
The pair has formed a hammer candlestick at the support at 1.1075 - 1.1080. It is quite likely that it will, indeed, bounce off from it.

Re: EUR/USD

Posted: Thu Jan 23, 2020 11:28 pm
by mlawson71
EUR/USD also formed an inverted hammer at 1.1080, so even if the move north does not begin this week there will most likely be one next week.

Re: EUR/USD

Posted: Sat Jan 25, 2020 11:45 pm
by mlawson71
It could not break out below 1.1000 this week but considering how bearish the pair is that may still happen once the market opens on Monday.

Re: EUR/USD

Posted: Mon Jan 27, 2020 12:17 am
by mlawson71
The market will open soon, let's see whether the depreciation will continue.