The EURUSD continued its sideways movement last week. Friday carved a bullish engulfing candle, but it isn’t convincing enough for me to buy the pair. Furthermore, the EURUSD is still within this consolidation zone between 1.1075 and 1.1180. I’ve discussed this terminal pattern for several weeks. In my opinion, it’s going to take a daily close below 1.1075 or above 1.1180 for the euro to establish itself. A close below 1.1075 would expose the 1.0990 support area. Alternatively, a daily close above the 2019 descending channel top near 1.1180 would open the door to the 1.1280 region. Similar to EURUSD, the GBPUSD has ... (full story)