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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD continues slowly depreciating - it dropped below 1.0800 and I think the move south will continue to the end ...

      
   
  1. #521
    Senior Member mlawson71's Avatar
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    EUR/USD continues slowly depreciating - it dropped below 1.0800 and I think the move south will continue to the end of the week.

  2. #522
    Senior Member mlawson71's Avatar
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    EUR/USD is still stuck in its sideways consolidation and so far there is no signal for any kind of change, let's see how it will develop next week.

  3. #523
    Senior Member mlawson71's Avatar
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    USD/CAD was testing 1.3925 when the market closed yesterday, and the pair is very bearish, I wouldn't be surprised if it dropped below 1.03900.

  4. #524
    Senior Member mlawson71's Avatar
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    EUR/USD continues testing the support at 1.0820 and by the looks of it the pair may drop back down toward 1.0760, I think.

  5. #525
    Senior Member mlawson71's Avatar
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    EUR/USD is still developing sideways and that may not end by the end of the week by the looks of it.

  6. #526
    Senior Member mlawson71's Avatar
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    EUR/USD rebounded from 1.0790 yet again - that is the clear support for the current sideways consolidation. Next target is likely at 1.0830.

  7. #527
    Senior Member mlawson71's Avatar
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    As I thought, the consolidation continued to the end of the trading week. Next week we may finally see a proper breakout.

  8. #528
    Senior Member mlawson71's Avatar
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    The market will open again soon. Since the sideways consolidation is clearly not over yet, the next target will likely be around 1.0850, I think.

  9. #529
    Senior Member mlawson71's Avatar
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    EUR/USD rallied to 1.0850 just as I thought it would. The move north may continue toward the resistance around 1.0880, which is the resistance of the current range.

  10. #530
    Senior Member mlawson71's Avatar
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    EUR/USD finally ended the sideways consolidation. The pair rallied to 1.0970 and formed a spinning top candlestick on the four-hour time-frame at that level, so we may see a new move south.

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