Feb 27 08:51 GMT


Forex Expos

EUR/USD Mid-Day Outlook Print E-mail
EURUSD Outlook | Written by | Sep 19 13 13:03 GMT

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3392; (P) 1.3466 (R1) 1.3596; More....

Intraday bias in EUR/USD remains on the upside and current rally should extend to 1.3710 resistance next. Below 1.3385 minor support will turn bias neutral and bring consolidations. But near term outlook will stay mildly bullish as long as 1.3104 support holds.

In the bigger picture, overall price actions from 1.6039 is viewed as a corrective pattern which is still in progress. Below 1.2756 will likely bring deeper decline back to 1.0242 but strong support could be seen there to bring rebound. Above 1.3710 will bring stronger rebound but in that case, we'd be cautious on reversal below 1.4939 resistance. Corrective price action is set to continue in medium term.

EUR/USD 4 Hours Chart

EUR/USD Daily Chart

Subscribe to our daily and mid-day newsletter to get this report delivered to your mail box


Latest in Technical Outlook

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Action Insight Newsletter © 2017 All rights reserved.