Forecasting

The market opens again today, let's see whether EUR/USD will continue moving to the upside.

So much about a new rally, EUR/USD bounced off from 1.1100 and by the looks of it the pair may retest the double bottom at 1.0925.

Sideways consolidation apparently continues. Next target is likely around 1.1050.

EUR/USD did reach 1.1050 and is currently consolidating around that level. That consolidation likely won't end before the fundamentals tonight.

The pair is stubbornly testing the resistance around 1.1050 - 1.1070, and even if it breaks out above it there is another resistance at 1.1110 which needs to be overcome for it to continue rallying.

EUR/USD testing the support at 1.1015 but the sideways consolidation clearly continues. I don't think there will be a breakout in either direction by the time the market closes today.

As I thought, there was no breakout for EUR/USD. Hopefully we'll finally see an end of the consolidation next week.

The support at 1.0965 remains unbroken, and even if EUR/USD does break out below it the pair will also have to break out below 1.925 in order to continue depreciating.

It is still testing the support at 1.0965, by the looks of it EUR/USD may attempt to form a third bottom at 1.0926.

As I thought, EUR/USD is testing the support at 1.0925 yet again. It will either form a triple bottom or continue depreciating.