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Action Insight: EURUSD Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 23 17 04:57 GMT
EUR/USD's rebound from 1.0339 resumed today and reaches as high as 1.0749 so far. Intraday bias is back on the upside for further rise. At this point, rise from 1.0339 is seen as a corrective move and should be limited by 1.0872 resistance. On the downside, below 1.0588 minor support will argue that it's completed and turn bias back to the downside for 1.0339 support.
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EUR/USD Weekly Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 21 17 07:25 GMT
EUR/USD lost much upside momentum after hitting 38.2% retracement of 1.1298 to 1.0339 at 1.0705. Initial bias stays neutral this week first. With 1.0578 minor support intact, further rise could be seen. But such rise from 1.0339 is seen as a corrective move and should be limited by 1.0872 resistance. On the downside, below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 20 17 13:48 GMT
Intraday bias in EUR/USD remains neutral for the moment. Rebound from 1.0339 is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity. In case of another rise, we'd expect upside to be limited by 1.0872 resistance and bring reversal.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 20 17 06:38 GMT
Intraday bias in EUR/USD remains neutral for the moment. Rebound from 1.0339 is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity. In case of another rise, we'd expect upside to be limited by 1.0872 resistance and bring reversal.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 19 17 14:46 GMT
EUR/USD retreated after hitting 38.2% retracement of 1.1298 to 1.0339. Intraday bias is turned neutral first. Rebound from 1.0339 is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity. In case of another rise, we'd expect upside to be limited by 1.0872 resistance and bring reversal.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 18 17 14:26 GMT
EUR/USD's rise from 1.0339 is still in progress for 1.0872 resistance and possibly above. Nonetheless, such rise is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 18 17 09:35 GMT
EUR/USD's rise from 1.0339 is still in progress for 1.0872 resistance and possibly above. Nonetheless, such rise is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity.
Read more...
 
EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 17 17 13:44 GMT
No change in EUR/USD's outlook. With 1.0453 minor support intact, further rise is expected for 1.0872 resistance and above. But after all, rise from 1.0339 is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity.
Read more...
 
EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 17 17 08:46 GMT
No change in EUR/USD's outlook. With 1.0453 minor support intact, further rise is expected for 1.0872 resistance and above. But after all, rise from 1.0339 is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity.
Read more...
 
EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Jan 16 17 08:31 GMT
With 1.0453 minor support intact, further rise is expected in EUR/USD for 1.0872 resistance and above. But after all, rise from 1.0339 is seen as a corrective move. Below 1.0453 will argue that it's completed and turn bias back to the downside for 1.0339 support. Break there will extend the larger down trend towards parity.
Read more...
 
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