25 Sept - EURUSD Analysis

Daily Chart

At what degree is market considered not consolidated?
As market closes for the week, Dollar regain it's strength on Friday after the interest rate decision (Thursday)


What can you expect:
  • Market it still consolidated on the pair ( Higher low & Lower high)
  • Market might bounce upward testing the high or having a false breakout before breaking lower (seen from weekly chart)
  • Market is still making lower low and lower highs (Red)
Weekly Chart

Hopefully this week will be an interesting trading week where market will retest the high before breaking for lower lows to prepare for the Dec interest rate hike possibility.

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