Daily Pivots: (S1) 1.0944; (P) 1.1019; (R1) 1.1149; More…

Intraday bias in EUR/USD remains neutral at this point. As long as 1.1120 support turned resistance holds, larger down trend from 1.1494 is still expected to continue. On the downside, firm break of 61.8% projection of 1.2265 to 1.1120 from 1.1494 at 1.0786 will pave they way to 100% projection at 1.0349 next. However, strong break of 1.1120 will confirm short term bottoming, at least, and bring stronger rebound back towards 1.1494 structural resistance instead.

In the bigger picture, the decline from 1.2348 (2021 high) is expected to continue as long as 1.1494 resistance holds. Firm break of 1.0635 (2020 low) will raise the chance of long term down trend resumption and target a retest on 1.0339 (2017 low) next. Nevertheless, break of 1.1494 will maintain medium term neutral outlook, and extend range trading first.

Daily Pivots: (S1) 1.0892; (P) 1.0919; (R1) 1.0945; More…

Intraday bias in EUR/USD remains neutral as consolidation from 1.0969 is extending. Further rally is expected as long as 1.0803 support holds. On the upside, above 1.0969 will resume the rise from 1.0634 to retest 1.1094 high. Decisive break there will confirm resumption of whole up trend from 0.9534. However, firm break of 1.0803 will extend the corrective pattern from 1.1094 with another falling leg, targeting 1.0634 and below.

In the bigger picture, as long as 1.0515 support holds, rise from 0.9534 (2022 low) would still extend higher. Sustained break of 61.8% retracement of 1.2348 (2021 high) to 0.9534 at 1.1273 will solidify the case of bullish trend reversal and target 1.2348 resistance next (2021 high).

Daily Pivots: (S1) 1.1322; (P) 1.1386; (R1) 1.1505; More…

No change in EUR/USD’s outlook and intraday bias stays on the upside. Considering bullish convergence condition in daily MACD, a medium term bottom could be in place already. Break of 1.1482 will affirm this case and target 38.2% retracement of 1.2348 to 1.1120 at 1.1589 next. On the downside however, break of 1.1329 minor support will mix up the outlook and turn intraday bias neutral first.

In the bigger picture, the strength of the the decline from 1.2348 (2021 high) suggests that it’s not a corrective move. But still, it could be the fourth leg of a sideway pattern from 1.0339 (2017 low), or resuming long term down trend. In any case, outlook will now stay bearish as long as 1.1482 resistance holds. Next target would be 1.0635 low. However, firm break of 1.1482 will raise the chance that whole fall from 1.2348 has completed, and turn focus back to 1.1703 resistance for confirmation.

Daily Pivots: (S1) 1.1864; (P) 1.1935; (R1) 1.1978; More…

Intraday bias in EUR/USD stays on the downside for the moment. Fall from 1.2265 is seen as the third leg of the consolidation pattern from 1.2348. Deeper fall would be seen to retest 1.1703 support next. On the upside, above 1.2005 minor resistance would turn intraday bias neutral and bring recovery, before staging another decline.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). This will remain the favored case as long as 1.1602 support holds. Reaction from 1.2555 should reveal underlying long term momentum in the pair. However sustained break of 1.1602 will argue that the rise from 1.0635 is over, and turn medium term outlook bearish again.

Daily Pivots: (S1) 1.0768; (P) 1.0808; (R1) 1.0838; More…

Intraday bias in EUR/USD remains on the downside at this point. Current fall from 1.1016 short term top is in progress. Sustained break of 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0846 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1016 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Rise from 1.0447 is tentatively seen as the second leg. Hence while further rally could be seen, upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, sustained break of 55 D EMA will argue that the third leg has already started for 1.0447 and below.

Daily Pivots: (S1) 1.0449; (P) 1.0551 (R1) 1.0620; More…..

EUR/USD is staying in range above 1.0351 and intraday bias remains neutral for consolidation. We’d expect upside to be limited by 1.0669 resistance and bring down trend resumption. Decisive break of 1.0351 would pave the way to parity first. However, firm break of 1.0669 will argue that stronger recovery is underway back to 1.0872 resistance instead.

In the bigger picture, break of 1.0461 key support indicates that consolidation from there has completed as a triangle at 1.1298. And, the down trend from 1.6039 (2008 high) is resuming. Current downtrend is now expected to target 61.8% projection of 1.3993 to 1.0461 from 1.1298 at 0.9115. On the upside, break of 1.1298 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

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Daily Pivots: (S1) 1.0849; (P) 1.0901; (R1) 1.0998; More…

Intraday bias in EUR/USD remains on the upside for the moment. Current rise form 1.0634 should target a retest on 1.1094 high. . Decisive break there will confirm resumption of whole up trend from 0.9534. On the downside, below 1.0863 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 1.0515 support holds, rise from 0.9534 (2022 low) would still extend higher. Sustained break of 61.8% retracement of 1.2348 (2021 high) to 0.9534 at 1.1273 will solidify the case of bullish trend reversal and target 1.2348 resistance next (2021 high).

Daily Pivots: (S1) 1.0677; (P) 1.0705; (R1) 1.0723; More…

Intraday bias in EUR/USD stays neutral for consolidation above 1.0685 temporary low. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as 1.0944 resistance holds. Below 1.0685 will resume the fall from 1.1274 to 1.0609/34 cluster support.

In the bigger picture, fall from 1.1274 medium term top is seen as a correction to up trend from 0.9534 (2022 low). Deeper decline would be seen to 1.0634 cluster support (38.2% retracement of 0.9534 to 1.1274 at 1.0609). Strong support could be seen there, at least on first attempt, to bring rebound. Yet, medium term outlook will be neutral for now, as long as 1.1274 resistance holds. However, sustained break of 1.0609/34 will raise the chance of bearish trend reversal, and target 61.8% retracement at 1.0199.

Daily Pivots: (S1) 1.0180; (P) 1.0219; (R1) 1.0259; More…

Range trading continues in EUR/USD and intraday bias remains neutral. Further rise is in favor as long as 1.0118 minor support holds. Above 1.0277 minor resistance will target 1.0348 support turned resistance. Sustained break there will bring stronger rebound back to channel resistance (now at 1.0493). On the downside, below 1.0118 will bring retest of 0.9951 low instead.

In the bigger picture, down trend from 1.6039 (2008 high) is still in progress. Next target is 100% projection of 1.3993 to 1.0339 from 1.2348 at 0.8694. In any case, outlook will stay bearish as long as 1.0773 resistance holds, in case of strong rebound.

Daily Pivots: (S1) 1.2025; (P) 1.2045; (R1) 1.2071; More…

Intraday bias in EUR/USD remains on the upside at this point. Corrective fall from 1.2348 should have completed with three waves down to 1.1951. Break of 1.2188 resistance will bring retest of 1.2348 high. On the downside, though, break of 1.1951 support will resume the correction instead.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). This will remain the favored case as long as 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

Daily Pivots: (S1) 1.0822; (P) 1.0869; (R1) 1.0951; More…

Intraday bias in EUR/USD remains mildly on the upside. Current rise from 1.0515 should target a test on high first. Decisive break there will resume larger up trend from 0.9534 to 1.1273 fibonacci level next. On the downside, break of 1.0787 support will turn bias back to the downside for 1.0711 support instead.

In the bigger picture, rise from 0.9534 (2022 low) is in progress with 38.2% retracement of 0.9534 to 1.1032 at 1.0460 intact. The strong support from 55 week EMA (now at 1.0625) was also a medium term bullish sign. Next target is 61.8% retracement of 1.2348 (2021 high) to 0.9534 at 1.1273. Sustained break there will solidify the case of bullish trend reversal and target 1.2348 resistance next (2021 high).

Daily Pivots: (S1) 1.0552; (P) 1.0598; (R1) 1.0623; More…

EUR/USD’s break of 1.0668 support turned resistance argues that corrective decline from 1.1032 has completed with three waves down to 1.0532 already. Intraday bias is back on the upside for 1.0803 resistance first. Firm break there will pave the way to retest 1.1032 high. For now, risk will stay mildly on the upside as long as 1.0532 support holds, in case of retreat.

In the bigger picture, as long as 1.0482 support holds, rise from 0.9534 (2022 low) should continue to 61.8% retracement of 1.2348 (2021 high) to 0.9534 at 1.1273. However, sustained break of 1.0482 will bring deeper fall to 61.8% retracement of 0.9534 to 1.1032 at 1.0106, even as a corrective pull back.

Daily Pivots: (S1) 1.0581; (P) 1.0623; (R1) 1.0646; More…

EUR/USD’s corrective fall from 1.1032 resumed by breaking 1.0610 temporary low. Intraday bias is back on the downside. Further decline should be seen to 38.2% retracement of 0.9534 to 1.1032 at 1.0463. Strong support should be seen around there to bring rebound, at least on first attempt. On the upside, above 1.0703 minor resistance will turn intraday bias neutral first. But risk will continue to stay on the downside as long as 1.0803 resistance holds.

In the bigger picture, the rally from 0.9534 low (2022 low) is a medium term up trend rather than a correction. Further rise is in favor to 61.8% retracement of 1.2348 (2021 high) to 0.9534 at 1.1273 next. This will remain the favored case as long as 1.0482 support holds.

Daily Pivots: (S1) 1.2023; (P) 1.2059; (R1) 1.2126; More…

Intraday bias in EUR/USD is turned neutral with the rebound from 1.1990. It’s seen as staying in corrective pattern from 1.2348. Risk stays mildly on the downside as long as 1.2242 resistance holds. Break of 1.1990 will extend the pattern through 1.1951 support, to 100% projection of 1.2348 to 1.1951 from 1.2242 at 1.1845.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). This will remain the favored case as long as 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

Daily Pivots: (S1) 1.1080; (P) 1.1110; (R1) 1.1155; More…

Intraday bias in EUR/USD remains on the upside at this point. Prior break of 1.1109 resistance is taken as first sign of medium term bottoming at 1.0879. Further rise would be seen to 1.1412 key resistance. In any case, further rise will now remain in favor as long as 1.0991 support holds. Though, break of 1.0991 will turn focus back to 1.0879 low.

In the bigger picture, down trend from 1.2555 (2018 high) is in progress. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1628; (P) 1.1694; (R1) 1.1737; More…..

EUR/USD’s break of 1.1688 support suggests that recovery from 1.1612 has completed at 1.1880. Corrective fall from 1.2011 is likely resuming. Intraday bias is back on the upside for for 1.1612 support first. break will confirm and target 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, above 1.1758 minor resistance will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.0973; (P) 1.1004; (R1) 1.1036; More…

No change in EUR/USD’s outlook. Intraday bias remains mildly on the upside for further recovery. But upside should be limited by 1.1109 resistance to bring larger down trend resumption. On the downside, break of 1.1000 minor support will turn bias back to the downside for retesting 1.0879 low first. However, firm break of 1.1109 will be an early sign of medium term bottoming and target 1.1412 key resistance next.

In the bigger picture, down trend from 1.2555 (2018 high) is in progress. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.2162; (P) 1.2213; (R1) 1.2243; More….

Intraday bias in EUR/USD remains neutral for some consolidations. Further rise is expected with 1.2160 support intact. Above 1.2265 will resume the rise from 1.1703 to retest 1.2347 high. Firm break there will resume larger up trend from 1.6039 for 1.2555 cluster resistance next. On the downside, however, break of 1.2160 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.2348 with another falling leg.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). This will remain the favored case as long as 1.1602 support holds. Reaction from 1.2555 should reveal underlying long term momentum in the pair.

Daily Pivots: (S1) 1.0844; (P) 1.0867; (R1) 1.0904; More…

EUR/USD is staying in consolidation from 1.0777 and intraday bias remains neutral. Upside of recovery should be limited by 38.2% retracement of 1.1095 to 1.0777 at 1.0898. On the downside, break of 1.0777 will resume larger down trend. Though, break of 1.0898 will target 61.8% retracement at 1.0974.

In the bigger picture, down trend from 1.2555 (2018 high) has just resumed and prior rejection by 55 week EMA affirms medium term bearishness. Sustained break of 78.6% retracement of 1.0339 (2017 low) to 1.2555 at 1.0813 will pave the way to retest 1.0339 low. For now, outlook will remain bearish as long as 1.1239 resistance holds, in case of strong rebound.

Daily Pivots: (S1) 1.0692; (P) 1.0779; (R1) 1.0830; More…

Intraday bias in EUR/USD remains on the downside for 1.0694/0723 support zone. Decisive break there will resume whole fall from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0790 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.0884 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Rise from 1.0447 is seen as the second leg. While further rally could cannot be ruled out, upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.