Daily Pivots: (S1) 1.0535; (P) 1.0575; (R1) 1.0623; More…

Intraday bias in EUR/USD remains neutral and outlook stays bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0684).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0684) holds, in case of rebound.

Daily Pivots: (S1) 1.0508; (P) 1.0551; (R1) 1.0579; More…

EUR/USD is still extending sideway trading between 1.0447 and 1.0639 and intraday bias stays neutral. Near term outlook stays bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0692).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0692) holds, in case of rebound.

Daily Pivots: (S1) 1.0508; (P) 1.0551; (R1) 1.0579; More…

Intraday bias in EUR/USD remains neutral as consolidation from 1.0447 is still in progress. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0692).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0692) holds, in case of rebound.

Daily Pivots: (S1) 1.0541; (P) 1.0568; (R1) 1.0603; More…

No change in EUR/USD’s outlook as consolidation from 1.0447 is extending. Intraday bias remains neutral. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0694).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0694) holds, in case of rebound.

Daily Pivots: (S1) 1.0541; (P) 1.0568; (R1) 1.0603; More…

Intraday bias in EUR/USD remains neutral for the moment. Outlook stays bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0694).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0694) holds, in case of rebound.

Daily Pivots: (S1) 1.0526; (P) 1.0544; (R1) 1.0578; More…

Intraday bias in EUR/USD stays neutral and outlook remains bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0697).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0697) holds, in case of rebound.

Daily Pivots: (S1) 1.0526; (P) 1.0544; (R1) 1.0578; More…

Intraday bias in EUR/USD is turned neutral with 4H MACD crossed above signal line. Near term outlook remains bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, however, break of 1.0639 will resume the rebound from 1.0447 to 55 D EMA (now at 1.0697).

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0697) holds, in case of rebound.

Daily Pivots: (S1) 1.0483; (P) 1.0521; (R1) 1.0545; More…

With 1.0557 minor resistance intact, intraday bias in EUR/USD stays mildly on the downside. Deeper fall would be seen to retest 1.0447. Firm break there will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, above 1.0557 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.0639 resistance holds.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0708) holds, in case of rebound.

Daily Pivots: (S1) 1.0483; (P) 1.0521; (R1) 1.0545; More…

Intraday in EUR/USD remains on the downside for retesting 1.0447. Firm break there will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, above 1.0557 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.0639 resistance holds.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0708) holds, in case of rebound.

EUR/USD’s recovery from 1.0447 finished at 1.0639 last week after rejection by near term falling trend line. Initial bias is mildly on the downside this week for 1.0447 support. Firm break there will resume whole fall from 1.1274 and target 1.0199 fibonacci level. On the upside, above 1.0557 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.0639 resistance holds.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0708) holds, in case of rebound.

In the long term picture, there is no clear sign of trend reversal yet. That is, down trend from 1.6039 (2008 high) might still be in progress. Rejection by 55 M EMA (now at 1.1087) will retain long term bearishness, for another fall through 0.9534 at a later stage.

Daily Pivots: (S1) 1.0489; (P) 1.0565; (R1) 1.0603; More…

Focus stays on 1.0518 minor support in EUR/USD. Firm break there will confirm that corrective recovery from 1.0447 has completed at 1.0639, after hitting near term falling trend line. Larger decline from 1.1274 should then be resumed through 1.0447 to 1.0119 fibonacci level. On the upside, though, above 1.0639 will resume the recovery to 1.0764 resistance.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0709) holds, in case of rebound.

Daily Pivots: (S1) 1.0489; (P) 1.0565; (R1) 1.0603; More…

Immediate focus is back on 1.0518 minor support in EUR/USD with current fall. Firm break there will confirm that corrective recovery from 1.0447 has completed at 1.0639, after hitting near term falling trend line. Larger decline from 1.1274 should then be resumed through 1.0447 to 1.0119 fibonacci level. On the upside, though, above 1.0639 will resume the recovery to 1.0764 resistance.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0709) holds, in case of rebound.

Daily Pivots: (S1) 1.0588; (P) 1.0611; (R1) 1.0643; More…

Intraday bias in EUR/USD is turned neutral first with current retreat. On the upside, break of 1.0639 will resume the rebound from 1.0447 to 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). On the downside, though, break of 1.0518 will indicate rejection by near term trend line resistance. Intraday bias will be back on the downside for resuming the fall from 1.1274 through 1.0447.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0719) holds, in case of rebound.

Daily Pivots: (S1) 1.0588; (P) 1.0611; (R1) 1.0643; More…

EUR/USD’s rebound from 1.0447 continues and the break of 1.0616 confirms short term bottoming. intraday bias is back on the upside for 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). On the downside, though, break of 1.0518 will bring retest of 1.0447 low instead.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0719) holds, in case of rebound.

Daily Pivots: (S1) 1.0567; (P) 1.0593; (R1) 1.0632; More…

Intraday bias in EUR/USD stays neutral with immediate focus on 1.0616 resistance. Decisive break there will confirm short term bottoming, and turn bias back to the upside for stronger rebound. Nevertheless, rejection by 1.0616 will retain near term bearishness. Break of 1.0447 will resume the fall from 1.1274 to 1.0199 fibonacci level next.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0725) holds, in case of rebound.

Daily Pivots: (S1) 1.0567; (P) 1.0593; (R1) 1.0632; More…

Outlook in EUR/USD is unchanged and intraday bias stays neutral first. On the upside, firm break of 1.0616 resistance will confirm short term bottoming, and turn bias back to the upside for stronger rebound. Nevertheless, rejection by 1.0616 will retain near term bearishness. Break of 1.0447 will resume the fall from 1.1274 to 1.0199 fibonacci level next.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0725) holds, in case of rebound.

Daily Pivots: (S1) 1.0533; (P) 1.0554; (R1) 1.0587; More…

Intraday bias in EUR/USD remains neutral at this point. On the upside, firm break of 1.0616 resistance will confirm short term bottoming, and turn bias back to the upside for stronger rebound. Nevertheless, rejection by 1.0616 will retain near term bearishness. Break of 1.0447 will resume the fall from 1.1274 to 1.0199 fibonacci level next.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0725) holds, in case of rebound.

Daily Pivots: (S1) 1.0533; (P) 1.0554; (R1) 1.0587; More…

No change in EUR/USD’s outlook as consolidation from 1.0447 is extending. Intraday bias remains neutral for the moment. On the upside, firm break of 1.0616 resistance will confirm short term bottoming, and turn bias back to the upside for stronger rebound. Nevertheless, rejection by 1.0616 will retain near term bearishness. Break of 1.0447 will resume the fall from 1.1274 to 1.0199 fibonacci level next.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0725) holds, in case of rebound.

Daily Pivots: (S1) 1.0513; (P) 1.0556; (R1) 1.0630; More…

EUR/USD is staying in consolidation from 1.0447 and intraday bias remains neutral at this point. On the upside, firm break of 1.0616 resistance will confirm short term bottoming, and turn bias back to the upside for stronger rebound. Nevertheless, rejection by 1.0616 will retain near term bearishness. Break of 1.0447 will resume the fall from 1.1274 to 1.0199 fibonacci level next.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0730) holds, in case of rebound.

Daily Pivots: (S1) 1.0513; (P) 1.0556; (R1) 1.0630; More…

EUR/USD dips mildly today but stays well inside range of 1.0447/0616. Intraday bias remains neutral for the moment. On the upside, firm break of 1.0616 resistance will confirm short term bottoming, and turn bias back to the upside for stronger rebound. Nevertheless, rejection by 1.0616 will retain near term bearishness. Break of 1.0447 will resume the fall from 1.1274 to 1.0199 fibonacci level next.

In the bigger picture, fall from 1.1274 medium term top could still be a correction to rise from 0.9534 (2022 low). But chance of a complete trend reversal is rising. In either case, current fall should target 61.8% retracement of 0.9534 to 1.1274 at 1.0199 next. For now, risk will stay on the downside as long as 55 D EMA (now at 1.0730) holds, in case of rebound.