EURUSD consolidate already 5-weeks at 1.12.

[mlawson71]

EUR/USD bounced off from 1.2090 after all an I think it may drop back down to 1.2000.

[mlawson71]

The bulls proved to be very strong and the pair did break out above 1.2090. I think the rally will continue at least to 1.2250 - 1.2300.

[mlawson71]

The pair fell from 1.2300 for an expected correction. The trend is still quite bullish, so it may not be very deep, it will likely reach 1.2100 at the most, I think.

[rashed1]

The fundamentals caused a big rally, I wouldn't be surprised if it reaches 1.1500 next.

[mlawson71]

The fundamentals caused a big rally, I wouldn't be surprised if it reaches 1.1500 next.

Do you mean 1.1500 or 1.2500? Because 1.1500 is very far down...

[mlawson71]

EUR/USD is range-bound below 1.2300 and since today there are no big news range will probably continue until next week.

[mlawson71]

EUR/USD climbed above 1.2500 and is still so bullish I wouldn't be surprised if it continues moving to the upside toward 1.2600.

[mlawson71]

EUR/USD found some resistance at 1.2540 and began a correction. That said, next week the movement to the upside may continue.

[mlawson71]

The correction continues for the moment and the pair will likely depreciate below 1.2300.

[mlawson71]

The pair rebounded from 1.2335 after all, but it will likely make a third attempt to break out below that level soon.

[mlawson71]

I think there has finally been a breakout to the downside, I think next target will be around 1.2300.

[mlawson71]

It fell all the way down to 1.2210 before rebounding from that level, I think that once the current retracement is over it will keep falling.

[mlawson71]

The pair is consolidating sideways for now, I think that next week the depreciation will likely continue.

[mlawson71]

Surprisingly enough, the pair rebounde from 1.2200 and it appears the correction will last at least until 1.2430.

[mlawson71]

The move to the upside still continues, I think the rally may last even to 1.2500 again.