Daily Pivots: (S1) 1.0930; (P) 1.0958; (R1) 1.1012; More…

EUR/USD’s break of 1.0892 minor support suggests that recovery from 1.0768 has completed at 1.0990. Intraday bias is turned back to the downside for 1.0768 first. Break will extend the decline from 1.1147 to retest 1.0635 low. On the upside, break of 1.0990 will target 1.1147 resistance. Overall, price actions from 1.0635 are seen as a consolidation pattern which might extend further. But upside should be limited by 61.8% retracement of 1.1496 to 1.0635 at 1.1167.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0930; (P) 1.0958; (R1) 1.1012; More…

Intraday bias in EUR/USD remains mildly on the upside for the moment, for 1.1147 resistance. However, as price actions from 1.0635 is seen as a corrective pattern. Upside should be limited by 1.1167. On the downside, break of 1.0892 will turn bias to the downside for 1.0768 support first. Nevertheless, sustained break of 1.1167 will pave the way to retest 1.1496 high.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0879; (P) 1.0923; (R1) 1.0954; More…

EUR/USD’s rebound from 1.0768 extends higher today and intraday bias stays on the upside for 1.1147. Price actions from 1.0635 is seen as a corrective pattern. Upside should be limited by 1.1167. On the downside, break of 1.0892 will turn bias to the downside for 1.0768 support first. However, sustained break of 1.1167 will pave the way to retest 1.1496 high.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0879; (P) 1.0923; (R1) 1.0954; More…

EUR/USD is staying in recovery from 1.0768 despite diminishing upside momentum. Further rise is mildly in favor to 61.8% retracement of 1.1496 to 1.0635 at 1.1167, as consolidation from 1.0635 extends. On the downside, below 1.0850 minor support will turn bias back to the downside for 1.0768 support.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0822; (P) 1.0862; (R1) 1.0894; More…

No change in EUR/USD’s outlook for now. Further rise is mildly in favor as rise from 1.0768 is seen as the third leg of the corrective pattern from 1.0635. Intraday bias stays on the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0822; (P) 1.0862; (R1) 1.0894; More…

At this point, further rise remains mildly in favor in EUR/USD. Rise from 1.0768 could be the third leg of the corrective pattern from 1.0635 and would target 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0808; (P) 1.0867; (R1) 1.0950; More…

No change in EUR/USD’s outlook for the moment. Further rise remains mildly in favor. Rise from 1.0768 could be the third leg of the corrective pattern from 1.0635 and would target 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0808; (P) 1.0867; (R1) 1.0950; More…

At this point, further rise is mildly in favor in EUR/USD. Rise from 1.0758 could be the third leg of the corrective pattern from 1.0635 and would target 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0762; (P) 1.0799; (R1) 1.0829; More…

EUR/USD’s break of 1.0902 minor resistance suggests the fall from 1.1147 has completed. Rise form 1.0758 could be the third leg of the corrective pattern from 1.0635. Intraday bias is back on the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167 first. On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0762; (P) 1.0799; (R1) 1.0829; More…

Intraday bias in EUR/USD is turned neutral with 4 hour MACD crossed above signal line. On the upside, break of 1.0902 minor resistance will suggest completion of fall from 1.1147. Correction from 1.0635 should have then started the third leg. Intraday bias will be turned back to the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167 again. On the downside, below 1.0768 will target a test on 1.0635 low.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0769; (P) 1.0817; (R1) 1.0860; More…

EUR/USD’s fall from 1.1147 is still in progress and intraday bias stays on the downside. Deeper decline should be seen to retest 1.0635 low first. Decisive break there will resume larger down trend. On the upside, above 1.0902 minor resistance will extend the correction from 1.0635. Intraday bias will be turned back to the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167 again.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0769; (P) 1.0817; (R1) 1.0860; More…

Intraday bias in EUR/USD remains on the downside at this point. Deeper fall should be seen to retest 1.0635 low. Decisive break there will resume larger down trend. On the upside, above 1.0926 minor resistance will extend the correction from 1.0635. Intraday bias will be turned back to the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167 again.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD’s fall last week suggests that corrective recovery from 1.0635 has completed at 1.1147, after rejection by 61.8% retracement of 1.1496 to 1.0635 at 1.1167. Initial bias stays on the downside this week for retesting 1.0635 low first. Decisive break there will resume larger down trend. On the upside, above 1.0926 minor resistance will extend the correction from 1.0635. Intraday bias will be turned back to the upside for 1.1167.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

In the long term picture, outlook remains bearish for now. EUR/USD is held below decade long trend line that started from 1.6039 (2008 high). It was also rejected by 38.2% retracement of 1.6039 to 1.0339 at 1.2516 before. On break of 1.0339, next target will be 100% projection of 1.3993 to 1.0339 from 1.2555 at 0.8901.

Daily Pivots: (S1) 1.0797; (P) 1.0883; (R1) 1.0944; More…

EUR/USD’s fall from 1.1147 is still in progress and intraday bias stays on the downside for 1.0635 low. Decisive break there will confirm larger down trend resumption. On the upside, break of 1.0926 minor resistance will extend the corrective rise from 1.0635. Intraday bias will be turned back to the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0797; (P) 1.0883; (R1) 1.0944; More…

Intraday bias in EUR/USD remains on the downside for retesting 1.0635 low. Decisive break there will confirm larger down trend resumption. On the upside, break of 1.0969 minor resistance will extend the corrective rise from 1.0635. Intraday bias will be turned back to the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0900; (P) 1.0969; (R1) 1.1036; More…

Intraday bias in EUR/USD remains on the downside at this point. Corrective rebound from 1.0635 could have completed at 1.1147 already. Retest of 1.0635 low should be seen next. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0900; (P) 1.0969; (R1) 1.1036; More…

Further decline is still mildly in favor in EUR/USD. Corrective rebound from 1.0635 could have completed at 1.1147 already. retest of 1.0635 low should be seen next. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0957; (P) 1.1005; (R1) 1.1084; More…

EUR/USD’s from 1.1147 is extending today and intraday bias stays on the downside. Rebound from 1.0635 could have completed at 1.1147 already. Deeper fall is mildly in favor for retesting 1.0635 low. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0957; (P) 1.1005; (R1) 1.1084; More…

Intraday bias in EUR/USD remains cautiously on the downside at this point. Rebound from 1.0635 could have completed at 1.1147 already. Deeper fall is mildly in favor for retesting 1.0635 low. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

Daily Pivots: (S1) 1.0987; (P) 1.1065; (R1) 1.1121; More…

EUR/USD’s break of 1.0953 minor support suggests that corrective recovery from 1.0635 has completed. Intraday bias is turned back to the downside for retesting this low first. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.