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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; The EUR/USD move south continues for now, I think it may drop to 1.1100....

      
   
  1. #361
    Senior Member mlawson71's Avatar
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    The EUR/USD move south continues for now, I think it may drop to 1.1100.

  2. #362
    Senior Member mlawson71's Avatar
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    EUR/USD remains bearish after all and we may see it break out below 1.1100 before the market closes tomorrow.

  3. #363
    Senior Member mlawson71's Avatar
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    The move south continues and EUR/USD dropped below 1.1100, next target is likely at 1.1050.

  4. #364
    Senior Member mlawson71's Avatar
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    The market was very bearish last week and there was no indication for a reversal so I expect USD/CAD to continue depreciating tomorrow.

  5. #365
    Senior Member mlawson71's Avatar
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    It found some support at 1.1070 but I think EUR/USD will likely keep falling during the week.

  6. #366
    Senior Member mlawson71's Avatar
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    The move north continues for now but it is yet to reach 1.1150. I think the question is, however, whether EUR/USD would rally all the way to the last high at 1.1180.

  7. #367
    Senior Member mlawson71's Avatar
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    EUR/USD almost reached 1.1180 today, let's see whether it will form a double top or it will continue moving north.

  8. #368
    Senior Member mlawson71's Avatar
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    EUR/USD did form something of a double top at 1.1180 but it remains bullish, let's see whether it will rally above the resistance.

  9. #369
    Senior Member mlawson71's Avatar
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    USD/CAD was quite bearish when the market closed on Friday, if that continues next week we may see it drop to 1.3100.

  10. #370
    Senior Member mlawson71's Avatar
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    The double top did remain and EUR/USD depreciated back toward 1.1070. I think it will continue falling to 1.1050.

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