Victoria's Daily Journal

[victoriajensen]

EUR/USD did reach 1.1620 and bounced off from that level. The sideways consolidation obviously continues, a breakout above 1.1700 could lead to a further move to the upside towards 1.1780.

 

[victoriajensen]

EUR/USD briefly broke out above 1.1700 today but now it continues consolidating below that level. Unless the fundamentals cause enough volatility for a proper breakout the consolidation may continue until the end of the week.

 

[victoriajensen]

AUD/USD broke out above 0.7250 and it is still very bullish, the move to the upside will likely continue and the pair may reach 0.7300.

 

[victoriajensen]

EUR/USD finally broke out above the last high at 1.1720 and continues moving to the upside, next target is likely at 1.1800.

 

[victoriajensen]

The pair reached 1.1800 today and it is currently consolidating below that level. Next week there will likely be a breakout above it and a further move to the upside towards 1.1900.

 

[victoriajensen]

AUD/USD bounced off from 0.7290 after forming a spinning top candlestick on the daily time-frame at that level and it is currently moving to the downside, next target will likely be at 0.7200.

 

[victoriajensen]

EUR/USD continues consolidating below 1.1800 but tomorrow there will be major fundamentals coming from the USA so that consolidation will likely end then.

 

[victoriajensen]

The US fundamentals will be coming out in about an hour and AUD/USD is, predictably, consolidating sideways. The direction of the breakout will depend on the fundamentals.

 

[victoriajensen]

AUD/USD has almost reached 0.7200 and it is still very bearish, it will likely break out below that level and continue falling towards 0.7150.

 

[victoriajensen]

EUR/USD found some support at 1.1570 but next week the move to the downside may continue and the pair may reach 1.1500.