EURUSD Forecast Week of 18-22 September

[mlawson71]

It found some support at 1.0950 but even if it forms a correction the pair remains bearish for now.

[mlawson71]

It dropped to 1.0900 and it may be time for a small correction but the pair remains bearish for now.

[mlawson71]

It is consolidating around 1.0900 for now, which is normal after such a major drop. Let's see whether the depreciation will continue.

[mlawson71]

The move south continues to develop, EUR/USD fell to 1.0850. For now it remains bearish but I think that we have to see a correction sooner or later before it continues depreciating.

[mlawson71]

It dropped to 1.0825 and is consolidating there but I think that it may keep falling to 1.0800 before a correction begins.

[mlawson71]

It remained at 1.0830 when the market closed, but in my opinion next week the correction may finally begin.

[mlawson71]

Let's see whether there really will be a correction next week.

[mlawson71]

EUR/USD is still consolidating but I think that is normal for this part of the trading week. It is unlikely anything will change before tomorrow.

[mlawson71]

EUR/USD finally dropped below 1.0800 and remains very bearish for the moment. Let's see when the correction will begin.

[mlawson71]

EUR/USD continues moving south and I think it will keep falling toward 1.0750.

[mlawson71]

EUR/USD is consolidating around 1.0790 but for now there is no actual signal for a move north, if anything it is struggling to break out below that level as well.

[mlawson71]

It continues consolidating sideways around 1.0790 for now. That consolidating will likely last into next week.

[mlawson71]

EUR/USD finally bounced off from 1.0790, I think next week we should prepare for a correction.

[mlawson71]

Let's see how the pair will develop this week.

[mlawson71]

The move north continues for now, the pair may rally to 1.0900.

[mlawson71]

EUR/USD formed a pinbar at 1.0870 on the daily time-frame yesterday, so I would not be surprised if there is a new move south to 1.0780.

[mlawson71]

EUR/USD rallied to 1.0908, let's see whether the correction will continue above that level.

[mlawson71]

EUR/USD continues moving north and I wouldn't be surprised if it rallies to 1.1000.

[mlawson71]

EUR/USD remains bullish, I think it may even rally to 1.1050.

[mlawson71]

The move north will continue, I think. Next target will probably be around 1.1100.

[mlawson71]

Let's see how the pair will develop next week.

[mlawson71]

EUR/USD remains bullish and it will probably move north toward 1.1150.

[mlawson71]

EUR/USD reached a resistance at 1.1185 and it may form a correction but for now it remains bullish.

[mlawson71]

The pair is forming a correction after its rally last week but I think the move north will eventually continue.

[mlawson71]

By the looks if it the pair remains bullish, I think we will see it rally above the high at 1.1215.

[mlawson71]

The spectacular rally continues, I think next target will be at 1.1400.

[mlawson71]

Let's see how it will develop next week.

[mlawson71]

The market will open again soon, let's see how the uptrend will develop.

[mlawson71]

The pair continues moving north, I think it may eventually reach 1.1600.

[mlawson71]

EUR/USD found some resistance at 1.1500 but I think the move north will eventually continue.

[mlawson71]

The pair is forming a correction but the move north will probably continue.

[mlawson71]

It's falling like a rock because of the crisis and that's just the beginning it seems.

[mlawson71]

EUR/USD is in freefall due to the health crisis and sadly this may not end soon.

[mlawson71]

The pair remained in freefall until the market closed, I fear Monday will be no different.

[mlawson71]

The pair has dropped below 1.1000 and the freefall continues.

[mlawson71]

It even dropped below 1.0900, this is not good.

[mlawson71]

It's testing 1.0800 and I fear that this freefall won't end this week.

[mlawson71]

It is consolidating around 1.0730 but the pair likely won't stop depreciating and will break out below 1.0700.

[mlawson71]

The pair formed a double bottom at 1.0660 but I am not sure such a signal is very reliable in the current circumstances.

[mlawson71]

The market will open again soon, let's see how the pair will develop.