Monthly reviews

Monthly EURUSD market technical outlook

EURUSD
Monthly chart:

Market remains inside the horizontal consolidation range 1.1215-1.1554. It’s virtually obvious, that further decline will be available after one more upswing to the 1.2091 handle. But given that direct long-signal wasn’t formed so far, we can assume, that market will stay in flat.


Conclusions:

Flat in the 1.1215-1.1554 range.

Trading recommendations:

Looking for local signals inside the 1.1215-1.1554 channel.