FX.co ★ EUR/USD

In general, the EURUSD pair closed the week with a slight decline within a correction range. The liquidity area of interest is still around 1.1702, where the price may reach at the beginning of the new trading week, most likely for position unwinding. The most important question will be whether the price will drop to the 1.1400 level, or after correcting to 1.17 or even 1.16, it will continue its impressive growth. Many things can be claimed now, but I hope that they will push the pair down to the 1.1400 level again to avoid surprises for anyone. Miracles happen in the upcoming season, especially at the end of the old year and the beginning of the New Year. Even experts have expressed their opinions about another decline to the 1.1400 level, from which the much-anticipated rise to the 20-24 level will occur. For me, it is crucial to observe how the price will behave at the beginning of the week after breaking and consolidating below the 1.1702 support. Prices may be pushed even lower from there, as has happened several times this year. Moreover, the dollar has started to show some attempts at strengthening, which could be the rationale for a new decline. In general, keep an eye on it, fellow speculators :)