EUR/USD

mlawson71

981 by mlawson71

The pair remains quite bullish, next target is likely at 1.2300.

MayaxatL

982 by MayaxatL

This is what it looks like M ...?! We will see...

Attachments

mlawson71

983 by mlawson71

I've never been good at counting waves, to be honest, but that seems plausible to me.

mlawson71

984 by mlawson71

Personally, I am preparing for a bit of a retracement when the market opens next week, before the move north continues.

mlawson71

985 by mlawson71

It's currently retracing, which is normal after such a rally. There may be a bit of a correction this week.

mlawson71

986 by mlawson71

It formed a pair of hanging man candlestick at 1.2270 on the daily time frame, which are a good signal that a correction is about to begin.

mlawson71

987 by mlawson71

It bounced off from 1.2150, the pair remains quite bullish. It's likely we won't see much of a change during the holidays.

mlawson71

988 by mlawson71

Merry Christmas, everyone!

mlawson71

989 by mlawson71

The pair is stuck in a sideways range between the holidays, that was to be expected, really.

mlawson71

990 by mlawson71

It's testing 1.2250 but I doubt we will see it break out above that level this week.