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EURUSD consolidate already 5-weeks at 1.12.

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    mlawson71
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  • mlawson71
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    EUR/USD reached 1.2235 and it remains very bearish, the move to the downside will probably continue.

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  • mlawson71
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  • mlawson71
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    The pair did continue falling and I think next target will be around 1.2230.

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  • mlawson71
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  • mlawson71
    replied
    EUR/USD is consolidating, hopefully next week there will be a proper breakout, likely to the downside.

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  • mlawson71
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  • mlawson71
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    EUR/USD is testing the support at 1.2345, the depreciation may continue towards 1.2240.

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  • mlawson71
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  • mlawson71
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    The pair is moving to the upside and it may reach 1.2380 but the overall range still continues.

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  • mlawson71
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  • mlawson71
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    EUR/USD is pulling back from 1.2300 again, it will probably fall back to 1.2260.

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  • mlawson71
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  • mlawson71
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    I don't know and I am not sure this is the thread suitable for thread question.

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  • mlawson71
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  • mlawson71
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    It did rebound from 1.2260 and is now back above 1.2300. It may rally towards 1.2370.

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  • mlawson71
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  • mlawson71
    replied
    The pair reached a support at 1.2260 and it is testing that level. If it rebounds from that support it may reach 1.2300 again.

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  • mlawson71
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  • mlawson71
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    1.24 is proving to be a strong resistance, the pair pulled back from it again and it is likely depreciating towards 1.2335.

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  • mlawson71
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  • mlawson71
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    The pair is testing 1.2400 again and I think this time it will probably break out above that level and continue moving to the upside.

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  • mlawson71
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  • mlawson71
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    1.2445 proved to be a very strong resistance after all, the overall correction apparently continues for the moment.

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  • mlawson71
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  • mlawson71
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    The pair is very bullish again and I think it may rise to 1.2480 - 1.2500.

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  • mlawson71
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  • mlawson71
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    The pair found some support at 1.2150 but I don't think this is the end of the move to the downside. After a correction it may continue falling.

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  • mlawson71
    Banned

  • mlawson71
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    The pair depreciated to 1.2200, but it is yet to break out below that support. If it does there will probably be a further depreciation to 1.2160.

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