Long term consolidation on 1W (neutral), but bearish short term
EURUSD is on a recurring Rectangle pattern on 1W (Ultimate Oscillator = 49.626). If the current price action repeats the course of the late July - early December 2017 Rectangle, then the next test is 1.1455 followed by a peak at 1.1850 - 1.2020 and then decline to 1.1455 again, which could break-out much lower and begin a new bearish cycle on the monthly chart (still bullish MACD = 0.010, ADX = 38.816, neutral RSI = 49.009).
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