EUR/USD

[Eliza Abrams]

It is slowly rising back toward 1.1850, nothing exciting. The market will probably close below 1.1900.

[Eliza Abrams]

The consolidation clearly continues this week as well. It may stretch into next year.

[fxopen78]

Reading the McGinley indicator, EURUSD now in an uptrend, because price above the line, on range 4 month, the price in a sideways wide range, support around 1.15000, resistance 1.2000

[Eliza Abrams]

I hope so. The consolidation has lasted long enough already.

[Eliza Abrams]

It is still testing 1.1870. This week there will be no changes again, will there be?

[Eliza Abrams]

It bounced off from 1.1890 and is currently depreciating yet again. Do you guys think the consolidation will last into next week?

[fxopen78]

Just wondering on this morning, I see the price EURUSD formed long wick on H1 and also can see on M15 after a price moves down, then push up and figured long wick, it's Pin bar in technical trading, usually assign reversal, but let see what happen the next

[drunkfx]

Just wondering on this morning, I see the price EURUSD formed long wick on H1 and also can see on M15 after a price moves down, then push up and figured long wick, it's Pin bar in technical trading, usually assign reversal, but let see what happen the next

EURUSD should feel some downside pressure as stocks are matured for correction and usd is inversely correlated with stocks, especially during sharp moves (wave of risk-on and risk-off).

[Eliza Abrams]

Perhaps. For now it is moving north by the looks of it.

[fxopen78]

Price drop drastically land to 1.17995 on the chart my broker, but at present, the price back to rebound to 1.18381 
It's possible the price move on the range previous daily.

[Eliza Abrams]

It's less than a 40 pips drop within a sideways consolidation, I don't think it's that drastic. These movements are normal during range.

[Eliza Abrams]

The move north continues for now, it will likely reach 1.2000, but let's see whether it will break out above that level.

[fxopen78]

The price move on the range but has tendencies to bullishness, but the level swing high not yet breakout
let see what the next

[Eliza Abrams]

It bounced off from 1.1940. It is disappointing but entirely unsurprising, unfortunately.

[Eliza Abrams]

It is pushing north again, let's see whether it will finally reach 1.2000!