Forecasting

The EUR/USD sideways consolidation continues developing and the pair is yet to break out below 1.1200. I think we won't see that breakout before next week.

EUR/USD did find some support at 1.1170 and is currently moving north. However, the correction is not over yet so there will likely be another depreciation soon.

The move north continues for now - it's possible EUR/USD is forming the second wave of its correction. Once that is done the move south should continue though.

As I thought, EUR/USD pulled back from 1.1345 and is currently depreciating. I think next target will be around 1.1250.

EUR/USD reached 1.1200 and is currently testing that support. I wouldn't be surprised if there is a breakout below that level too and the pair continues moving south towar 1.1170.

EUR/USD is consolidating sideways around 1.1200 still, I think the breakout may not occur this week after all.

EUR/USD rallied to 1.1280 but then bounced off from it, I wouldn't be surprised if it is forming a range channel before the fundamentals this week.

EUR/USD did drop back to 1.1190 and bounced off from that level too, the range channel is clearly defined now, further development depends on the direction of the breakout.

The EUR/USD range continues developing and there is no sign of a breakout. Hopefully the US Non-Farm Payroll tomorrow will finally end that.

The NFP did cause an EUR/USD move north but there was no breakout. I think the range will continue developing into next week.