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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 | Dec 09 16 04:34 GMT
Intraday bias in EUR/USD remains mildly on the downside for 1.0504 support. Break there will extend recent decline to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 08 16 13:51 GMT
EUR/USD jumped to 1.0872 but failed to sustain above 1.0850 support turned resistance. Subsequent sharp fall suggests that such corrective rise is completed. Intraday bias is back on the downside of retest 1.0504 first. Break will target 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 08 16 04:47 GMT
EUR/USD's rebound from 1.0504 is seen as a correction and could extend higher. At this point, we'd expect upside to be limited by 1.0850 support turned resistance and bring fall resumption. Below 1.0504 will target 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 07 16 14:33 GMT
The rebound from 1.0504 short term bottom might extend higher. But so far, near term outlook remains bearish as long as 1.0850 support turned resistance hold. That is, another decline is expected to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 07 16 07:16 GMT
The rebound from 1.0504 short term might extend higher. But so far, near term outlook remains bearish as long as 1.0850 support turned resistance hold. That is, another decline is expected to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 06 16 13:44 GMT
EUR/USD's rebound from 1.0504 short term bottom is still in progress and could extend higher. But so far, near term outlook remains bearish as long as 1.0850 support turned resistance hold. That is, another decline is expected to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
Read more...
 
EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 06 16 05:16 GMT
Intraday bias in EUR/USD remains mildly on the upside for the moment. As noted before, a short term bottom is in place at 1.0504 and further rebound could be seen for 1.0850 support turned resistance. Near term outlook will stay bearish as long as 1.0850 holds and we'd expect another fall to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 05 16 12:58 GMT
EUR/USD rebounds strongly after initial dip to 1.0504. The break of 1.0689 resistance now indicates short term bottoming. Intraday bias is turned back to the upside for 1.0850 support turned resistance. Near term outlook will stay bearish as long as 1.0850 holds and we'd expect another fall to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. However, firm break of 1.0850 resistance should now invalidate this bearish case and target 1.1298 resistance instead.
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EUR/USD Daily Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 05 16 06:07 GMT
EUR/USD's sharp fall and break of 1.0518 indicates resumption of recent decline. Intraday bias is turned back to the downside for 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case. Meanwhile, break of 1.0689 resistance will suggest short term bottoming and would possibly extend the consolidation from 1.0461 with another rise.
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EUR/USD Weekly Outlook Print E-mail
EURUSD Outlook | Written by ActionForex.com | Dec 03 16 12:13 GMT
EUR/USD turned into consolidative price actions last week. Initial bias stays neutral this week first. Another recovery cannot be ruled out. But in that case, upside should be limited by 38.2% retracement of 1.1298 to 1.0518 at 1.0816 and bring fall resumption. Below 1.0518 will extend the decline from 1.1615 to 1.0461/0517 key support zone. We're slightly favoring the case that consolidation pattern from 1.0461 is completed and larger down trend is resuming. Decisive break of 1.0461 will confirm this bearish case.
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