Daily Pivots: (S1) 1.2140; (P) 1.2191; (R1) 1.2227; More…

EUR/USD’s break of 1.2108 support argues that rebound from 1.1951 might has completed at 1.2242. Intraday bias is back on the downside for 1.2022 first. Break there will likely extend the corrective fall from 1.2348 through 1.1951 support. On the upside, above 1.2242 will bring retest of 1.2348 high 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) 1.2140; (P) 1.2191; (R1) 1.2227; More…

Intraday bias in EUR/USD is turned neutral with the deep retreat from 1.2242. Further rise is mildly in favor as long as 1.2108 minor support holds. Above 1.2242 will target 1.2348 high. Decisive break there will resume larger up trend from 1.0635, to 1.2555 key cluster resistance. On the downside, though, break of 1.2108 support will dampen the bullish view and turn bias to the downside for 1.2022 support 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) 1.2128; (P) 1.2151; (R1) 1.2194; More…

EUR/USD’s break of 1.2188 resistance should confirm completion of correction from 1.2348 at 1.1951. Intraday bias is back on the upside for retesting 1.2348 high first. Decisive break there will resume larger up trend from 1.0635, to 1.2555 key cluster resistance. On the downside, through, break of 1.2108 support will dampen this view and turn bias to the downside for 1.2022 support 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) 1.2128; (P) 1.2151; (R1) 1.2194; More…

Intraday bias in EUR/USD stays neutral first. On the upside, firm break of 1.2188 resistance should confirm completion of the correction from 1.2348, and bring retest on this high. On the downside, break of 1.2022 support will likely resume the correction from 1.2348 through 1.1951.

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) 1.2129; (P) 1.2154; (R1) 1.2174; More…

Intraday bias in EUR/USD is turned neutral with today’s retreat. On the upside, firm break of 1.2188 resistance should confirm completion of the correction from 1.2348, and bring retest on this high. On the downside, break of 1.2022 support will likely resume the correction from 1.2348 through 1.1951.

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) 1.2129; (P) 1.2154; (R1) 1.2174; More…

Intraday bias in EUR/USD is mildly on the upside at this point. Firm break of 1.2188 resistance should confirm completion of the correction from 1.2348, and bring retest on this high. On the downside, though, break of 1.2090 minor support will turn bias neutral again. Further break of 1.1951 will extend the correction from 1.2348 with another fall.

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) 1.2085; (P) 1.2115; (R1) 1.2148; More…

Intraday bias in EUR/USD remains mildly on the upside for the moment. Firm break of 1.2188 resistance should confirm completion of the correction from 1.2348, and bring retest on this high. On the downside, though, break of 1.2090 minor support will turn bias neutral again. Further break of 1.1951 will extend the correction from 1.2348 with another fall.

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) 1.2085; (P) 1.2115; (R1) 1.2148; More…

EUR/USD’s break of 1.2168 resistance suggests that that rebound form 1.1951 is resuming. Intraday bias is back on the upside for 1.2188 resistance first. Firm break there should confirm completion of the correction from 1.2348, and bring retest on this high. On the downside, though, break of 1.2090 minor support will turn bias neutral again. Further break of 1.1951 will extend the correction from 1.2348 with another fall.

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) 1.2085; (P) 1.2115; (R1) 1.2148; More…

Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, break of 1.2168 will resume the rebound form 1.1951 for retesting 1.2348 high. on the downside, break of 1.1951 will extend the correction from 1.2348 with another fall.

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) 1.2085; (P) 1.2115; (R1) 1.2148; More…

EUR/USD is still bounded in range of 1.1951/2168 and intraday bias remains neutral for the moment. On the upside, break of 1.2168 will resume the rebound form 1.1951 for retesting 1.2348 high. on the downside, break of 1.1951 will extend the correction from 1.2348 with another fall.

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.

EUR/USD retreated after edging higher to 1.2168 last week, and turned into sideway trading. Initial bias remains neutral this week first. On the upside, break of 1.2168 will resume the rebound form 1.1951 for retesting 1.2348 high. on the downside, break of 1.1951 will extend the correction from 1.2348 with another fall.

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.

In the long term picture, the case of long term bullish reversal continues to build up, with bullish convergence condition in monthly MACD, sustained trading above 55 month EMA and long trend falling trend line. Focus is now on 1.2555 cluster resistance (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). Decisive break there will confirm and target 61.8% retracement at 1.3862 and above.

Daily Pivots: (S1) 1.2054; (P) 1.2075; (R1) 1.2113; More…

Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.1951 will extend the correction form 1.2348 to 100% projection of 1.2348 to 1.1951 from 1.2168 at 1.1771. However, break of 1.2168 will turn bias to the upside for retesting 1.2348 high.

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) 1.2054; (P) 1.2075; (R1) 1.2113; More…

Intraday bias in EUR/USD remains neutral first. Risk will stay on the downside as long as 1.2168 resistance holds. Break of 1.1951 will extend the correction from 1.2348 to 100% projection of 1.2348 to 1.1951 from 1.2168 at 1.1771. However, break of 1.2168 will turn bias to the upside for retesting 1.2348 high.

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) 1.2007; (P) 1.2058; (R1) 1.2093; More…

Intraday bias in EUR/USD is turned neutral first with today’s recovery. Risk will stay on the downside as long as 1.2168 resistance holds. Break of 1.1951 will extend the correction from 1.2348 to 100% projection of 1.2348 to 1.1951 from 1.2168 at 1.1771. However, break of 1.2168 will turn bias to the upside for retesting 1.2348 high.

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) 1.2007; (P) 1.2058; (R1) 1.2093; More…

Intraday bias in EUR/USD remains mildly on the downside at this point. It’s now in the third leg of the corrective pattern from 1.2348. Deeper fall would be seen to 1.1951, and then 100% projection of 1.2348 to 1.1951 from 1.2168 at 1.1771. For now, risk will stay on the downside as long as 1.2168 resistance holds.

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) 1.2077; (P) 1.2124; (R1) 1.2152; More…

EUR/USD’s strong break of 1.2080 minor support argues that recovery from 1.1951 has completed at 1.2168. The development also suggests that corrective pattern from 1.2348 is extending with a third leg down. Intraday bias is back on the downside for 1.1951 support first. Break there will target 100% projection of 1.2348 to 1.1951 from 1.2168 at 1.1771. For now, risk will stay on the downside as long as 1.2168 resistance holds.

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) 1.2077; (P) 1.2124; (R1) 1.2152; More…

Intraday bias in EUR/USD remains neutral at his point. On the upside, firm break of 1.2188 resistance should confirm completion of correction from 1.2348. Further rally should be seen to retest 1.2348 high. On the downside, however, break of 1.2080 minor support will bring retest of 1.1951 support 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) 1.2114; (P) 1.2130; (R1) 1.2142; More…

EUR/USD breached 1.2148 minor resistance earlier today but quickly retreated. Intraday bias remains neutral for the moment. On the upside, firm break of 1.2188 resistance should confirm completion of correction from 1.2348. Further rally should be seen to retest 1.2348 high. On the downside, however, break of 1.2080 minor support will bring retest of 1.1951 support 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) 1.2114; (P) 1.2130; (R1) 1.2142; More…

EUR/USD is staying in consolidations from 1.2148 temporary top and intraday bias remains neutral first. On the upside, break of 1.2148 will reaffirm the case that correction from 1.2348 has completed with three waves down to 1.1951. Intraday bias will be back on the upside for 1.2188 and then 1.2348 high. However, break of 1.2053 minor support will dampen this bullish case and bring retest of 1.1951 support 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) 1.2089; (P) 1.2112; (R1) 1.2142; More…

Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.2148 temporary top will reaffirm the case that correction from 1.2348 has completed with three waves down to 1.1951. Intraday bias will be back on the upside for 1.2188 and then 1.2348 high. However, break of 1.2053 minor support will dampen this bullish case and bring retest of 1.1951 support 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.