Forecasting

EUR/USD did form a very noticeable spinning top on the weekly time-frame at 1.1025, so I think the current move north may not be short-lived.

There's a downward consolidation below 1.1250 but I think that is just in preparation for the next move north.

The GBP/USD move south continues, I think we will see it drop below 1.2000 next week.

EUR/USD is rising back up towards 1.1230 but so far there has been no breakout below or above the consolidation. I doubt it will happen today.

No end of the EUR/USD consolidation in sight, hopefully the fundamentals by the end of the week will have some effect on it.

EUR/USD is dropping like a rock. I wouldn't be surprised if it falls back to 1.1100.

EUR/USD clearly very bearish after over a week of consolidation. Let's see whether it will drop below 1.1000 too.

EUR/USD testing 1.1070, maybe it will finally break out below that level and continue towards 1.1000.

EUR/USD may continue falling this week but for now it is stuck in a sideways consolidation as it often happens on Mondays.

It's still consolidating at the support at 1.1080, I am starting to suspect it may form a double bottom there, which means there may be a new move north.