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Action Insight: EURUSD Technical Outlook

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EUR/USD Weekly Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 25 14 12:04 GMT
EUR/USD dipped last week but failed to sustain below 1.2624. Initial bias remains neutral this week first and consolidation from 1.2500 might extend. In case of another rally, we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption. Firm break of 1.2624 minor support will turn bias back to the downside. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 24 14 12:42 GMT
Focus remains on 1.2624 minor support. Firm break of 1.2624 will indicate that the correction from 1.2500 has completed at 1.2886 already. In such case, intraday bias would be turned back to the downside. Break of 1.2500 will extend the fall from 1.3993 for 1.2042 low next. In case of another recovery, we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption eventually.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 24 14 02:52 GMT
Focus remains on 1.2624 minor support. Firm break of 1.2624 will indicate that the correction from 1.2500 has completed at 1.2886 already. In such case, intraday bias would be turned back to the downside. Break of 1.2500 will extend the fall from 1.3993 for 1.2042 low next. In case of another recovery, we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption eventually.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 23 14 12:57 GMT
Despite breaching 1.2624 minor support, EUR/USD quickly recovered and intraday bias stays neutral first. Firm break of 1.2624 will indicate that the correction from 1.2500 has completed at 1.2886 already. In such case, intraday bias would be turned back to the downside. Break of 1.2500 will extend the fall from 1.3993 for 1.2042 low next. In case of another recovery, we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption eventually.
Read more...
 
EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 23 14 01:42 GMT
Intraday bias in EUR/USD remains neutral with focus on 1.2624 minor support. Break will indicate that the correction from 1.2500 has completed at 1.2886 already. In such case, intraday bias would be turned back to the downside. Break of 1.2500 will extend the fall from 1.3993 for 1.2042 low next. In case of another recovery, we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption eventually.
Read more...
 
EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 22 14 13:29 GMT
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption. Below 1.2624 minor support will turn bias back to the downside. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
Read more...
 
EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 22 14 04:09 GMT
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption. Below 1.2624 minor support will turn bias back to the downside. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
Read more...
 
EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 21 14 12:55 GMT
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption. Below 1.2624 minor support will turn bias back to the downside. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
Read more...
 
EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 21 14 03:22 GMT
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption. Below 1.2624 minor support will turn bias back to the downside. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
Read more...
 
EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Oct 20 14 13:29 GMT
The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1.2994 to limit upside and bring fall resumption. Below 1.2624 minor support will turn bias back to the downside. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
Read more...
 
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