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Re: EUR/USD

Posted: Mon Aug 14, 2017 7:51 am
by mlawson71
EUR/USD is rallying but I don't think it the renewal of the bullish trend will be confirmed before it breaks out above the last high.

Re: EUR/USD

Posted: Wed Aug 16, 2017 11:06 pm
by mlawson71
EUR/USD is testing the support at 1.1700 yet again. I think a breakout below that level will lead to another move to the downside toward 1.1600.

Re: EUR/USD

Posted: Thu Aug 17, 2017 8:52 am
by mlawson71
EUR/USD rebounded from 1.1700 after the news and the pair will likely climb back to 1.1800.

Re: EUR/USD

Posted: Fri Aug 18, 2017 9:45 pm
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

Posted: Sat Aug 19, 2017 8:11 am
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

Posted: Sat Aug 19, 2017 10:22 pm
by mlawson71
nbtrading wrote: Sat Aug 19, 2017 8:11 am

Just a pause
If US does not go to war, Euro will continue to go up
I agree. This is just a temporary correction.

Re: EUR/USD

Posted: Wed Aug 23, 2017 6:12 pm
by FrancoisT
EUR/USD - nice range for trading. especially after face breakouts :)

Re: EUR/USD

Posted: Wed Aug 23, 2017 10:39 pm
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

Posted: Thu Aug 24, 2017 11:03 pm
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

Posted: Fri Aug 25, 2017 10:46 pm
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.