EURUSD Forecast Week of 18-22 September

[mlawson71]

The move south clearly continues for now. EUR/USD is at 1.1030 and will likely continue dropping to 1.1000.

[mlawson71]

EUR/USD may stall around 1.0990, but the pair is so bearish that I doubt it will last long.

[mlawson71]

The market will open soon again, let's see whether it will drop to 1.1000 and below.

[mlawson71]

The pair remains bearish and will soon reach 1.1000, I expect a breakout below that level soon.

[mlawson71]

It continues consolidating around 1.1010 and it appears very undecided for the moment.

[mlawson71]

It's finally at 1.1000 and by the looks of it the pair will depreciate below that support soon. If it does next target is likely at 1.0970.

[mlawson71]

It's still struggling after the support at 1.1000. Let's see whether it will happen by the end of this week.

[mlawson71]

It finally broke out below 1.1000 and it continues depreciating. I think we will soon see it reach 1.1070 and below.

[mlawson71]

Let's see how it will develop.

[mlawson71]

EUR/USD rebounded from 1.0980 when the market closed last week, let's see whether the sideways consolidation continues this week.

[mlawson71]

It's consolidating around 1.1000 still. With the winter holidays approaching this consolidation may not end soon.

[mlawson71]

It's 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.

[mlawson71]

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.

[mlawson71]

It's testing 1.1090 for now but it has also formed a pair of spinning tops around that level so whether it will rally above that resistance is unclear.

[mlawson71]

It reached 1.1100 after all but is yet to break out above the last high at 1.1115. If it does we may see EUR/USD rallying to 1.1150 again.

[mlawson71]

It pulled back to the resistance and closed at 1.1060, next week it will likely continue falling.

[mlawson71]

Let's see how it will develop this week.

[mlawson71]

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.

[mlawson71]

The pair remains very undecided, I think we will see it rally to 1.1100 again at best.

[mlawson71]

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.

[mlawson71]

It's consolidating around 1.1130, I think we may see it reach 1.1150 and above by the end of the week.

[mlawson71]

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.

[mlawson71]

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.

[mlawson71]

Let's see how it will develop this week.

[mlawson71]

EUR/USD continues moving north, let's see, however, whether it will break out above 1.1200.

[mlawson71]

EUR/USD remains bullish but is yet to break out above 1.1200, which will likely happen this week.

[mlawson71]

It found a resistance at 1.1175, I should have known better than to expect big changes in the week before Christmas.

[mlawson71]

EUR/USD is back to testing the support at 1.1115 - 1.1100. Even if it breaks out below that level it may not drop much lower.

[mlawson71]

EUR/USD is back at 1.1100 and it may break out below it to depreciate to 1.1060.

[mlawson71]

Christmas is next week so I don't expect any major volatility.

[mlawson71]

Let's see how it will develop.

[mlawson71]

The pair is stuck around 1.1080 two days before Christmas and it will likely stay that way.

[mlawson71]

EUR/USD is currently mildly bearish during the holidays, it may depreciate back to 1.1050 or 1.1030 after Christmas.

[mlawson71]

Merry Christmas, everyone!
No analysis today, EUR/USD isn't doing anything of note anyway.

[mlawson71]

Christmas passed but EUR/USD is still consolidating sideways, by the looks of it that won't end before 2020 comes along.

[mlawson71]

EUR/USD finally rallied today and is currently at 1.1150, let's see whether it will reach 1.1200.

[mlawson71]

It could not break out above 1.1190, but that may yet happen before the end of the year.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

EUR/USD remains bullish and I would not be surprised if it it breaks out above 1.1200 despite the holiday season.

[mlawson71]

EUR/USD finally broke out above 1.1200 and continues rallying, it may reach 1.1250 before the end of this year.