EUR/USD

mlawson71

941 by mlawson71

It has dropped to 1.1630 and remains pretty bearish, but I doubt there will be a breakout below 1.1600 before the market closes today.

mlawson71

942 by mlawson71

It found some support at 1.1615 but I think the move south will continue this week eventually.

mlawson71

943 by mlawson71

EUR/USD bounced off from 1.1615 and did not manage to break out below 1.1600, next target is likely at 1.1750.

mlawson71

944 by mlawson71

The pair is slowly moving south after testing 1.1750 again, but it's really doubtful it will drop below 1.1700 this week.

mlawson71

945 by mlawson71

The pair broke out above 1.1750 after all. Next target is likely at 1.1800.

mlawson71

946 by mlawson71

EUR/USD reached 1.1800 as I thought it would, it's possible the pair will rally above that level too by the end of the week.

mlawson71

947 by mlawson71

It's undecided again. I am starting to suspect it won't pick a direction until after the elections in the US.

mlawson71

948 by mlawson71

The move south continues for now, it's testing 1.1700. Next target is likely 1.1650.

mlawson71

949 by mlawson71

It closed at 1.1715 again. I have the distinct suspicion we won't see an end to the correction until after the US elections.

mlawson71

950 by mlawson71

It is back at 1.1780, consolidation is still developing indeed.