Daily Pivots: (S1) 1.1133; (P) 1.1152; (R1) 1.1189; More…

EUR/USD is losing some upside momentum but intraday bias stays on the upside with 1.1114 minor support intact. Current rise from 1.0879 is in progress for 1.1412 key resistance next. On the downside, below 1.1114 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. Hence, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1133; (P) 1.1152; (R1) 1.1189; More…

Intraday bias in EUR/USD remains on the upside at this point. Rise from 1.0879 should target 1.1412 key resistance next. On the downside, below 1.1114 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. Hence, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

EUR/USD’s rise from 1.0879 accelerated to as high as 1.1170 last week. The break of 1.1109 resistance suggests medium term bottoming. Initial bias stays on the upside this week for 1.1412 resistance next. On the downside, below 1.1114 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. Hence, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

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. A break of 1.0039 low will remain in favor as long as 55 month EMA (now at 1.1603) holds.

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

Intraday bias in EUR/USD remains on the upside for the moment. 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. On the downside, break of 1.1085 minor support will turn intraday bias neutral and bring consolidations first.

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) 1.1080; (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) 1.1035; (P) 1.1060; (R1) 1.1099; More…

EUR/USD rises to as high as 1.1139 so far and break of 1.1109 resistance is taken as first sign of medium term bottoming at 1.0879. Intraday bias is now on the upside for 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) 1.1035; (P) 1.1060; (R1) 1.1099; More…

EUR/USD’s rebound from 1.0879 extends higher and further rise could be seen. But still, it’s seen as a corrective move and upside should be limited by 1.1109 resistance to bring down trend resumption. On the downside, break of 1.0991 minor support should confirm completion of the recovery and turn bias 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) 1.1001; (P) 1.1023; (R1) 1.1056; More…

No change in EUR/USD’s outlook. Corrective recovery from 1.0879 might extend. But upside should be limited by 1.1109 resistance to bring down trend resumption. On the downside, break of 1.0941 minor support should confirm completion of the recovery and turn bias 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) 1.1001; (P) 1.1023; (R1) 1.1056; More…

EUR/USD’s corrective recovery from 1.0879 might extend higher. But But upside should be limited by 1.1109 resistance to bring down trend resumption. On the downside, break of 1.0941 minor support should confirm completion of the recovery and turn bias 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) 1.1012; (P) 1.1028; (R1) 1.1042; More…

No change in EUR/USD’s outlook. Corrective recovery from 1.0879 could still extend higher. But upside should be limited by 1.1109 resistance to bring down trend resumption. On the downside, break of 1.0941 minor support should confirm completion of the recovery and turn bias 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) 1.1012; (P) 1.1028; (R1) 1.1042; More…

Outlook in EUR/USD remains unchanged. While recovery from 1.0879 might extend, upside should be limited by 1.1109 resistance to bring down trend resumption. On the downside, break of 1.0941 minor support should confirm completion of the recovery and turn bias 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) 1.1004; (P) 1.1034; (R1) 1.1066; More…

No change in EUR/USD’s outlook as corrective recovery from 1.0879 could still extend. But upside should be limited by 1.1109 resistance to bring down trend resumption. On the downside, break of 1.0941 minor support should confirm completion of the recovery and turn bias 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) 1.1004; (P) 1.1034; (R1) 1.1066; More…

Outlook in EUR/USD remain unchanged. Corrective recovery from 1.0879 could extend higher. But upside should be limited by 1.1109 resistance to bring 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.

EUR/USD’s rebound from 1.0879 extended higher last week. Break of near term falling channel was a bullish line. Yet, there is no confirmation of reversal as long as 1.1109 resistance holds. 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.

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. A break of 1.0039 low will remain in favor as long as 55 month EMA (now at 1.1604) 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) 1.0973; (P) 1.1004; (R1) 1.1036; More…

Intraday bias in EUR/USD is mildly on the upside as corrective recovery from 1.0879 is extending. But upside should be limited by 1.1109 resistance to bring larger down trend resumption. On the downside, break of 1.0941 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) 1.0951; (P) 1.0971; (R1) 1.0989; More…

EUR/USD’s rebound from 1.0879 extends higher today and further rise could be seen. But still, upside should be limited by 1.1109 resistance to bring larger down trend resumption. On the downside, break of 1.0941 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) 1.0951; (P) 1.0971; (R1) 1.0989; More…

EUR/USD’s recovery from 1.0879 resumes and intraday bias is mildly on the upside for further rise. But upside should be limited by 1.1109 resistance to bring larger down trend resumption. On the downside, break of 1.0941 will turn bias back to the downside for retesting 1.0879 low first.

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) 1.0933; (P) 1.0964; (R1) 1.0988; More…

Intraday bias in EUR/USD remains neutral for the moment. Corrective rise from 1.0879 might extend with another rise. But upside should be limited by 1.1109 resistance. On the downside, break of 1.0879 will resume larger down trend to 1.0813 fibonacci level 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) 1.0933; (P) 1.0964; (R1) 1.0988; More…

Intraday bias in EUR/USD remains neutral as consolidation form 1.0879 is extending. Another rise could be seen through 1.1000. But upside should be limited by 1.1109 resistance. On the downside, break of 1.0879 will resume larger down trend to 1.0813 fibonacci level 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.