EUR/USD

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Re: EUR/USD

#1182
mlawson71 wrote:
Sat Nov 20, 2021 4:10 am
The pair remained pretty bearish today despite that pinbar at 1.1300 on the daily time-frame. I thought there may be a correction, but it looks like I was wrong.
I said it before: general directional bias was and is down.
We had a difficult time (changing up vs down moves) because - as you can see on the monthly chart - the downward tendency runs against fairly strong resistance (this and the years-long-downward-TL - since Sept 2007 -, which price touched, are responsible for the "pinbar").
If you keep that in mind you won't expect a strong upward move until there was a clear TL-break.
(That doesn't mean there won't be buying opportunities on lower TFs, just that those moves are - within the overall picture - countertrend moves.)
Till then just go with the flow if you are risk-averse
and do your analysis...
EURUSDMonthly.png

Re: EUR/USD

#1183
I am aware that the overall trend is bearish. Still, pullbacks and corrections will occur within it, I am always on the lookout for those.

Re: EUR/USD

#1184
It continued dropping today, I think we'll probably see it reach 1.1200, maybe below that level too.


Re: EUR/USD

#1186
The last low was at 1.0630, formed back in March 2020. I wonder if it will drop all the way to that level eventually.

Re: EUR/USD

#1188
I think the correction we are seeing currently will take the form of a sideways consolidation for now, which is a good indication about how bearish it still is.

Re: EUR/USD

#1189
mlawson71 wrote:
Tue Nov 30, 2021 2:10 am
I think the correction we are seeing currently will take the form of a sideways consolidation for now, which is a good indication about how bearish it still is.
Hmmh...
Don't speculate about the future...
EURUSDH1.png


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