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Feb 09 16:40 GMT
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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 Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 09 12 13:55 GMT
Intraday bias in EUR/USD remains on the upside with 1.3214 minor support intact. Current rise from 1.2625 is expected to continue towards 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.3214 minor support will turn bias neutral and bring consolidation. But break of 1.3028 support is needed to signal completion of such rebound. Otherwise, near term outlook will remain mildly bullish even in case of retreat.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 09 12 07:42 GMT
EUR/USD's rally is still in progress and intraday bias remains on the upside for 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.3214 minor support will turn bias neutral and bring consolidation. But break of 1.3028 support is needed to signal completion of such rebound. Otherwise, near term outlook will remain mildly bullish even in case of retreat.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 08 12 13:07 GMT
Intraday bias in EUR/USD remains on the upside for the moment. Rebound from 1.2625 has just resumed and should now be targeting 61.8% retracement of 1.4246 to 1.2625 at 1.3627 next. On the downside, break of 1.3028 support is needed to signal completion of such rebound. Otherwise, near term outlook will remain mildly bullish even in case of retreat.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 08 12 08:10 GMT
The break of 1.3233 resistance confirmed that EUR/USD's rise from 1.2625 has resumed. Intraday bias is back on the upside. Current rally should target 61.8% retracement of 1.4246 to 1.2625 at 1.3627 next. On the downside, break of 1.3028 support is needed to signal completion of such rebound. Otherwise, near term outlook will remain mildly bullish even in case of retreat.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 07 12 13:56 GMT
EURUSD is still bounded in tight range below 1.3223 and intraday bias remains neutral. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 07 12 07:47 GMT
EURUSD is still bounded in tight range below 1.3223 and intraday bias remains neutral. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 06 12 13:47 GMT
EUR/USD dips back to 1.3030 so far today but is staying in tight range. Intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 06 12 07:25 GMT
EUR/USD is staying in sideway consolidation below 1.3233 and intraday bias remains neutral for the moment. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.
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EUR/USD Weekly Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 04 12 07:02 GMT
EUR/USD turned into consolidation below 1.3233 last week and initial bias remains neutral for some more sideway trading. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Feb 03 12 13:48 GMT
EUR/USD continues to stay in tight range initially after release of stronger than expected NFP data. Intraday bias remains neutral for the moment. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished and the larger decline from 1.4939 is likely resuming for a new low below 1.2625.
Read more...
 
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