Forecasting

EUR/USD is back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.

EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.

USD/CAD rebounded from 1.3170 and rallied toward 1.3260, next week it will likely continue rising toward 1.3300.

I am preparing for a further rally once the market opened today, let's see whether USD/CAD will reach 1.3300.

It's stubbornly consolidating around 1.1070 and since the winter holidays are coming closer and closer I assume we won't see big changes before they end.

USD/CAD testing 1.3235 and it is bearish for now, so we may see it drop back down to 1.3200.

EUR/USD market volatility is winding down more and more ahead of the holidays, I think we won't see a new big movement in either direction in the next few days.

EUR/USD consolidating around 1.1130, I think we may see it reach 1.1150 and above by the end of the week.

EUR/USD did decide to rally above the consolidation before the end of the holidays after all, the pair rallied to 1.1200 today and remains quite bullish. Let's see whether it will break out above 1.1200 before the market closes today.

EUR/USD bounced off from 1.1200 last night and dropped back to 1.1115. Next week we may see it depreciate below 1.1100 after all.