probably will pullback.................... at new york session

I agree, but we do have to see a correction sooner or later.

mlawson71 wrote: Fri Feb 14, 2020 11:39 pm I agree, but we do have to see a correction sooner or later.

man............it went up a teeny bit after retail sales news then kapow................. back down again maybe it can go up next week haha

It is still definitely really bearish and there is no actual sign for a correction. But it can't drop infinitely, it has to stop sooner or later.

EUR/USD Bears remain in control


The world's most popular currency pair hit a 34-month low at 1.0820 and is attempting a recovery. Nevertheless, fundamentals and technicals are pointing lower in the opinion of Yohay Elam from FXStreet.

Key quotes

“While the US is on holiday today – celebrating Presidents' Day – the German Bundesbank is set to provide an updated view on the economy in its monthly report, potentially adding pressure on the common currency. The central bank may provide comments on the coronavirus outbreak that has hit China.”

“The Relative Strength Index of the four-hour chart has risen above 30 – exiting oversold conditions – and allowing for fresh falls. Downside momentum is significant and the currency pair trades well below the 50, 100, and 200 Simple Moving Averages.”

“Critical support awaits at 1.0820, which is the recent low and also the upper end of the ‘Macron Gap’.”

“The other side of the gap is 1.0770, followed by 1.0720.”

Source: https://www.fxstreet.com/news/eur-usd-b ... 2002170935

EUR/USD continues consolidating which is normal for this part of the trading week. I doubt we will see much of a breakout before tomorrow.

EUR/USD continues falling and by the looks of it the pair may break out below 1.0800 soon. Let's see when the correction will begin.

The pair continues dropping like a rock and there is no sign of correction for now. I think it may drop 1.0750.

The pair did find some support at 1.0790 but for now there is no actual signal for a move north, if anything it is struggling to break out below that level as well.

EUR/USD is still very undecided and I don't we will see a breakout to the downside or a proper correction by the time the market closes today.