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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; The pair remains quite bullish for now and it is even testing the resistance at 1.1000. Since there is no ...

      
   
  1. #531
    Senior Member mlawson71's Avatar
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    The pair remains quite bullish for now and it is even testing the resistance at 1.1000. Since there is no double top I wouldn't be surprised if it breaks out above that level too.

  2. #532
    Senior Member mlawson71's Avatar
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    EUR/USD bounced off from 1.0890 before the market closed on Friday but I think the move south may continue next week after all.

  3. #533
    Senior Member mlawson71's Avatar
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    The market will reopen again in a few hours and if the EUR/USD move to the downside continues developing we could see it reach 1.0860 - 1.0850.

  4. #534
    Senior Member mlawson71's Avatar
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    EUR/USD is consolidating sideways above the support at 1.0890. What is more, the pair has formed a bullish hammer candlestick at that level, so the further move down is a little dubious right now.

  5. #535
    Senior Member mlawson71's Avatar
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    The bullish hammer candlestick turned out to be a very reliable signal, EUR/USD is rallying and I think it will soon reach 1.1000. Let's see whether it will break out above that level too.

  6. #536
    Senior Member mlawson71's Avatar
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    EUR/USD did break out above 1.1000 and even reached 1.1030 although it is currently bearish. There may be a correction before a new move north.

  7. #537
    Senior Member mlawson71's Avatar
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    EUR/USD continues moving north, it broke out above 1.1030 and remains bullish, I think we will see it rally above 1.1050 too.

  8. #538
    Senior Member mlawson71's Avatar
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    The pair closed at 1.1100 and it remained very bullish, next week the move north should continue even if there's a correction to the downside.

  9. #539
    Senior Member mlawson71's Avatar
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    EUR/USD is moving north as expected, the pair broke out above 1.1100 and the next target will likely be around 1.1150.

  10. #540
    Senior Member mlawson71's Avatar
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    The EUR/USD continues developing, it broke out above 1.1150. I think next target will be at 1.1200 or even above it.

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