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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; I thought EUR/USD would rally, but the shooting star below 1.1000 it formed yesterday on the daily time-frame is making ...

      
   
  1. #351
    Senior Member mlawson71's Avatar
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    I thought EUR/USD would rally, but the shooting star below 1.1000 it formed yesterday on the daily time-frame is making me suspicious that the move north may be over after all.

  2. #352
    Senior Member mlawson71's Avatar
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    EUR/USD continues testing 1.1000, I would recommend not to trade this pair until we see a proper breakout or a move to the downside.

  3. #353
    Senior Member mlawson71's Avatar
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    The move north finally continues! EUR/USD broke out above 1.1000 and I think we will see it rally toward 1.1050 - 1.1060.

  4. #354
    Senior Member mlawson71's Avatar
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    The move north continues and EUR/USD did reach 1.1060 but it is yet to break out above it. Next week we may see it rise to 1.1100 and above.

  5. #355
    Senior Member mlawson71's Avatar
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    It looks like EUR/USD may pull back from 1.1060 and depreciate back to 1.1000 before it begins rallying again.

  6. #356
    Senior Member mlawson71's Avatar
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    EUR/USD is still testing 1.1060 but has not broken out above that level yet. It may still do so before the end of the week.

  7. #357
    Senior Member mlawson71's Avatar
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    EUR/USD finally broke out above 1.1100! The last high is at 1.1165, so I think that's the next target.

  8. #358
    Senior Member mlawson71's Avatar
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    The EUR/USD move north continues but it's yet to reach 1.1165, by the looks of it we may have to wait for next week for that to happen.

  9. #359
    Senior Member mlawson71's Avatar
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    EUR/USD reached 1.1165 right before it closed, let's see whether it will break out above that level next week.

  10. #360
    Senior Member mlawson71's Avatar
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    EUR/USD found some resistance at 1.1180 and it has formed several spinning top candlesticks at that level on the four-hour time-frame, there may be a correction coming before a new move north.

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