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Re: EUR/USD

84 by mlawson71
It has finally become obvious that EUR/USD is forming a flag on the D1 time frame, an obvious correction to its overall move to the upside. Once that correction ends there will likely be a new move to the upside, and the continuation of the upward trend will be confirmed once the pair breaks out above the high at 1.1909.

Re: EUR/USD

85 by nbtrading
mlawson71 wrote: Fri Aug 18, 2017 9:45 pm It has finally become obvious that EUR/USD is forming a flag on the D1 time frame, an obvious correction to its overall move to the upside. Once that correction ends there will likely be a new move to the upside, and the continuation of the upward trend will be confirmed once the pair breaks out above the high at 1.1909.
Just a pause
If US does not go to war, Euro will continue to go up

Re: EUR/USD

88 by mlawson71
FrancoisT wrote: Wed Aug 23, 2017 6:12 pm EUR/USD - nice range for trading. especially after face breakouts :)
It's definitely stuck in a tight range, but there are also three candlesticks on the weekly time-frame - a shooting star and a pair of hanging man candlesticks - that could indicate a reversal.

Re: EUR/USD

89 by mlawson71
A quick reminder that Janet Yellen will have a speech tomorrow at Jackson Hole at the Federal Reserve Bank of Kansas City Economic Symposium and it will likely affect all USD-related pairings, including EUR/USD, which will probably continue its consolidation until then.

Re: EUR/USD

90 by mlawson71
The sideways consolidation has become very tight because of impending news about Janet Yellen's speech. I have closed all my positions just in case. Good luck to anyone trading the news.

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