I think by now it's obvious EUR/USD is forming a sideways consolidation channel below 1.2300. The question is, I think, when there will be a breakout.

Forecast for the European session 22 January
EUR
It is very important to hold above 1.2215 and get to 1.2253 that will allow you to update 1.2294 and reach a new high of 1.2342.
If a false breakdown from 1.2215 no, and fixes below, then watch the sales Braine 1.2169 and buy it for a rebound. If there move fast up there, then delaying the purchase in the district of 1.2127.
To sell on a false breakout 1.2253 will be also, either on the rebound from 1.2294 with a small stop above in the presence of this level of the peak amount.
GBP
Go above 1.3882, then look to buy 1.3940 and they add on the breakdown after the third test of this level to 1.3982 and 1.4018.
If you go lower 1.3849, without false breakdown, then sell for 1.3806 and 1.3758, where to buy lb from the rebound.

Forecast for the European session 24 Jan
EUR
While we 1.2303 above, there is a good option breakthrough 1.2342 with access to 1.2383 and 1.2426.
A false breakout at 1.2303, also a good signal for long. If test rapid rebound up from 1.2303 is not, then wait and buy a reduction in the area of 1.2255.
Sale only on the false breakdown 1.2342, or to rebound from 1.2383.
GBP
There is divergence on MACD, so that purchases above 1.4054 very careful you need to be. Better on about the breakout to sell out with the aim of 1.3997 and consolidation below will lead to 1.3918 there and buy on the rebound.
Well as long there is someone at 1.3997 after a false breakdown out there and test the moving average.
If up SOCA, is 1.4106 and 1.4155 for sales to rebound with a target of 25-30 points.

amdudus wrote: Wed Jan 24, 2018 7:34 pm Forecast for the European session 24 Jan
EUR
While we 1.2303 above, there is a good option breakthrough 1.2342 with access to 1.2383 and 1.2426.
A false breakout at 1.2303, also a good signal for long. If test rapid rebound up from 1.2303 is not, then wait and buy a reduction in the area of 1.2255.
Sale only on the false breakdown 1.2342, or to rebound from 1.2383.
GBP
There is divergence on MACD, so that purchases above 1.4054 very careful you need to be. Better on about the breakout to sell out with the aim of 1.3997 and consolidation below will lead to 1.3918 there and buy on the rebound.
Well as long there is someone at 1.3997 after a false breakdown out there and test the moving average.
If up SOCA, is 1.4106 and 1.4155 for sales to rebound with a target of 25-30 points.

GOOD!!! Thx sir amdudus

amdudus wrote: Wed Jan 24, 2018 7:34 pm Forecast for the European session 24 Jan
EUR
While we 1.2303 above, there is a good option breakthrough 1.2342 with access to 1.2383 and 1.2426.
A false breakout at 1.2303, also a good signal for long. If test rapid rebound up from 1.2303 is not, then wait and buy a reduction in the area of 1.2255.
Sale only on the false breakdown 1.2342, or to rebound from 1.2383.
GBP
There is divergence on MACD, so that purchases above 1.4054 very careful you need to be. Better on about the breakout to sell out with the aim of 1.3997 and consolidation below will lead to 1.3918 there and buy on the rebound.
Well as long there is someone at 1.3997 after a false breakdown out there and test the moving average.
If up SOCA, is 1.4106 and 1.4155 for sales to rebound with a target of 25-30 points.

Very accurate analysis of EUR/USD. It's reached 1.2383, I think it will break out above it.

Forecast for the European session 25 Jan
EUR
While we are above 1.2428 about any sales question. The ECB decision and Draghi's statement will be key and you can chase the Euro up further to 1.2487 and 1.2533.
Sales will begin only after a break below 1.2388 in the area 1.2339 and 1.2294, where again will be presented to the customers so that long look in the downside there. Sale in case growth in the ECB's decision do not suggest even for a rebound.
GBP
A strong trend up, so the sales also not in a hurry. If a false breakout 1.4333, unable to return under 1.4284, and there to derail to 1.4218-1.4200, but I think below will not be allowed, so buy watch in this range.
If breaks, 1.4333, long in the district 1.4402 and 1.4448. These levels are possible sales on the rebound with a goal of 20-25 points and short stop above.

With the way EUR/USD is rallying I wouldn't be surprised to see it reach 1.2600 sooner rather than later.

Forecast for the European session on 26 January
EUR
Today looking at the sale after it failed to break above the 1.2485, or after the return under the level of 1.2417 with the main purpose of the access to 1.2339 and 1.2255, where to buy immediately on the rebound.
In the case of growth above 1.2485, look on the rebound from 1.2565. If below 1.2417 will not be allowed, then you can try small purchases with access to 1.2485 in the second half of the day.
GBP
Sale after a false breakdown from 1.4236 with the return under 1.4146, and there is added a short update 1.4030, where to buy immediately on the rebound.
If the height is above 1.4236, sales on rebound from 1.4350, and return under 1.4338, additional sales to 1.4236.

1.2280 was clearly a too conservative a prognosis. With the way it's rallying it may reach 1.2600.

It pulled back from 1.2530 after all and began a correction. I think, however, that it may test that resistance once again soon.