Today EURUSD made another push to the downside helped by the Retail Sales from the US. price broke the 100 hourly moving average and fell a little bit below (almost nothing) from last week low. As the moving average are going sideways and market its not able to break the 1.17 level again, we might get into a period of consolidation, but in any case, if price breaks the 1.17 the move should continue to 1.16, and only if it breaks the 1.1850 it will have real chances to go to the years high and even make new highs. As long as price its in between those 2 levels (1.17 and 1.1850) we might see lots of ups and down.



here you can see the earlier analysis of this chart and other majors.

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