EUR/USD is testing 1.1670 again, which is the resistance of the sideways range. Frankly, I doubt there will be a breakout before the NFP, but then again, stranger things have happened.

EUR/USD - I believe the picture here get more clearance after the end off the previous week. Price bounced from the H&S neckline and formed outside bar on daily chart. Slowly, the price will move down and most likely 1.1450 will be tested to the end of the week - perhaps Basically ,this is my expectation for that pair

EUR/USD is testing the support at 1.1570. It may be forming a double bottom at that level and if that is the case we will likely see a new move to the upside.

EUR/USD did break out below the double bottom at 1.1570 but it was only briefly and now it is back above the support. Clearly the sideways consolidation continues.

I really should pay more attention to the weekly time-frame. EUR/USD has formed an inverted hammer on it at 1.1600, so we may see a rally after all.

mlawson71 wrote: Fri Nov 10, 2017 2:07 am I really should pay more attention to the weekly time-frame. EUR/USD has formed an inverted hammer on it at 1.1600, so we may see a rally after all.

Where you long or short? I almost got stopped out about half an hour ago long EURUSD but managed to close two positions for a bit of green. EURUSD was a bit tricky tonight :cray:

I didn't have any open positions at the moment, I have the terrible habit of freezing from pure indecision when the pair I am trading starts ranging like that. It's very frustrating.

EUR/USD - EUR is rising, but still the tendency is in on the side of the dollar. My assumption is that still there are some room that might help a bit to EUR (something up to 1.1725/40 - downtrend line on daily). Eventually breaks above may change the sentiment

FrancoisT wrote: Tue Nov 14, 2017 2:42 am EUR/USD - EUR is rising, but still the tendency is in on the side of the dollar. My assumption is that still there are some room that might help a bit to EUR (something up to 1.1725/40 - downtrend line on daily). Eventually breaks above may change the sentiment

Thanks Franc!

And just to add to that, key areas of nearby support and resistance as per chart below:

• 1.5810 Weekly Support
• 1.19190 Monthly Resistance

Traders please take note of these areas especially the Weekly Support line as this has already been tested and confirmed.

EUR/USD Daily