EUR/USD did find some support at 1.0790 and next week the correction may start after all.

nathanvbasko wrote: Sun Feb 23, 2020 2:03 am EU_today123.png

Nice! Will see how it plays out. I think after a short retracement to the upside it will resume the downtrend again

ChuChu Rocket wrote: Mon Feb 24, 2020 10:02 pm

Nice! Will see how it plays out. I think after a short retracement to the upside it will resume the downtrend again

 
 

I'm on a contrary... otherwise, just a BE+

  

EUR/USD pulled back from 1.0860, I think the question now is whether the consolidation will continue or the pair will keep depreciating.

EUR/USD formed a pinbar at 1.0870 on the daily time-frame yesterday, so the pair may depreciate back to the support at 1.0780.

It crawled back up to 1.0908 and pulled back from it but I doubt the correction will be this shallow.

EUR/USD continues rallying which is no surprise. I think next target is around 1.1000.

EUR/USD rallied to 1.1050, let's see whether the move north will continue even higher.

The pair remains very bullish and I think next week we may see it reach 1.1100 and above.