Daily Pivots: (S1) 0.9274; (P) 0.9303; (R1) 0.9334; More…
EUR/USD is staying in consolidation from 0.9252 and intraday bias remains neutral. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will
In the bigger picture, medium term outlook remains bearish as long as 0.9683 resistance holds. Current fall from 1.2004 (2018 high) is part of the multi-decade down trend. Next target is 61.8% projection of 1.1149 (2020 high) to 0.9407 from 1.0095 at 0.9018.
