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EURUSD Outlook |
Written by ActionForex.com |
Feb 09 10 05:39 GMT |
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EUR/USD's consolidation from 1.3585 is still in progress and further recovery cannot be ruled out. But still, upside is expected to be limited by 1.3852 support turned resistance and bring fall resumption. Below 1.3585 should target 61.8% retracement of 1.2329 to 1.5143 at 1.3404 first. Break will target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 08 10 14:37 GMT |
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With 4 hours MACD crossed above signal line, an intraday low might be in place at 1.3585 and bias is turned neutral. Some more consolidations could be seen, but upside should be limited by 1.3852 support turned resistance and bring fall resumption. Below 1.3585 should target 61.8% retracement of 1.2329 to 1.5143 at 1.3404 first. Break will target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 08 10 08:17 GMT |
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At this point, intraday bias in EUR/USD remains on the downside with 1.3744 minor resistance intact. The whole decline from 1.5143 is still expected to continue towards 61.8% retracement of 1.2329 to 1.5143 at 1.3404 first. Break will target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. On the upside, above 1.3744 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 1.4025 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 06 10 10:52 GMT |
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EUR/USD dropped sharply to as low as 1.3585 last week and the strong break of 1.3737 cluster support further confirm our view that three wave consolidation from 1.2329 has completed at 1.5143 already. Initial bias remains on the downside this week for 61.8% retracement of 1.2329 to 1.5143 at 1.3404 first. Break will target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. On the upside, above 1.3744 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 1.4025 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 05 10 14:25 GMT |
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Intraday bias in EUR/USD remains on the downside for the moment and current decline is expected to continue to 61.8% retracement of 1.2329 to 1.5143 at 1.3404 next. On the upside, above 1.3771 minor resistance will turn intraday bias neutral and bring consolidation. But upside should be limited by 1.4025 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 05 10 06:12 GMT |
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EUR/USD dropped to as low as 1.3668 and has met mentioned target of cluster support at 1.3737. At this point, intraday bias remains on the downside and further fall should be seen to 61.8% retracement of 1.2329 to 1.5143 at 1.3404 next. On the upside, break of 1.4025 resistance is needed to be the first sign of bottoming. Otherwise, outlook will remain bearish in EUR/USD even in case of recovery. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 04 10 14:13 GMT |
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EUR/USD's decline is still in progress and intraday bias remains on the downside for key cluster support at 1.3737 next. On the upside, while some recovery might be seen, break of 1.4025 resistance is needed to indicate that EUR/USD has made a bottom. Otherwise, short term outlook will remain bearish. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 04 10 08:35 GMT |
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EUR/USD's break of 1.3852 suggests that recovery has completed at 1.4025 and recent decline has resumed. Intraday bias is flipped back to the downside and further fall should be seen to key cluster support at 1.3737 next. On the upside, above 1.4025 will bring more consolidation, probably another rise for 1.4193 resistance But after all, we'd expect upside to be limited by 1.4217/4578 resistance zone and bring resumption of the whole fall from 1.5143. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 03 10 13:28 GMT |
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EUR/USD's break of 1.3989 minor resistance indicates that a short term bottom is already formed at 1.3852 on bullish convergence condition in 4 hours MACD. Stronger rebound could now be seen towards 1.4193 resistance But after all, we'd expect upside to be limited by 1.4217/4578 resistance zone and bring resumption of the whole fall from 1.5143. Below 1.3852 should target key cluster support at 1.3737 next. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 03 10 06:29 GMT |
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No change in EUR/USD's outlook. Recovery from 1.3852 might continue further but still, another fall is expected in near term with 1.3989 minor resistance intact. Current decline is still expected to continue to next key cluster support at 1.3737. However, considering bullish convergence condition in 4 hours MACD, above 1.3989 will argue that a short term bottom is formed and bring stronger rebound towards 1.4193 resistance instead. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 02 10 13:57 GMT |
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EUR/USD's recovery from 1.3852 might still continue but after all, recent fall is still expected to continue with 1.3989 minor resistance intact. Current fall is still expected to continue to next key cluster support at 1.3737. However, considering bullish convergence condition in 4 hours MACD, above 1.3989 will argue that a short term bottom is formed and bring stronger rebound towards 1.4194 resistance instead. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 02 10 05:07 GMT |
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While downside momentum in EUR/USD is diminishing, we'd still favor more decline with 1.3989 minor resistance intact. Current fall is still expected to continue to next key cluster support at 1.3737. However, considering bullish convergence condition in 4 hours MACD, above 1.3989 will argue that a short term bottom is formed and bring stronger rebound towards 1.4194 resistance instead. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 01 10 15:10 GMT |
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EUR/USD recovers mildly today and downside momentum continue to diminish with 4 hours MACD cross above signal line. Nevertheless, we'd still slightly favor more downside with 1.3989 minor resistance intact. Current decline is still expected to continue to next key cluster support at 1.3737. However, considering bullish convergence condition in 4 hours MACD, above 1.3989 will argue that a short term bottom is formed and bring stronger rebound towards 1.4194 resistance instead. |
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EURUSD Outlook |
Written by ActionForex.com |
Feb 01 10 06:24 GMT |
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Intraday bias in EUR/USD remains on the downside for the moment and further decline is expected to next key cluster support at 1.3737. On the upside, above 1.3989 minor resistance will turn intraday bias neutral and bring consolidations. But recovery is expected to be limited by 1.4193 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Jan 31 10 08:02 GMT |
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EURUSD's decline extended further as expected and reached as low as 1.3861 last week. Initial bias remains on the downside this week and further fall should be seen to next key cluster support at 1.3737. On the upside, above 1.3989 minor resistance will turn intraday bias neutral and bring consolidations. But recovery is expected to be limited by 1.4193 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Jan 29 10 07:02 GMT |
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EUR/USD's decline is still in progress and intraday bias remains on the downside for the moment. Current decline is expected to target key cluster support at 1.3737 next. On the upside, however, above 1.4052 minor resistance will argue that a short term bottom is formed, possibly with bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to 1.4193 resistance and above before staging another fall. |
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EURUSD Outlook |
Written by ActionForex.com |
Jan 28 10 14:10 GMT |
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Intraday bias remains on the downside in EUR/USD and current fall is still expected to continue. As noted before, decline from 1.5143 should target key cluster support at 1.3737 next. On the upside, however, above 1.4088 minor resistance will argue that a short term bottom is formed, possibly with bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to 1.4193 resistance and above. |
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EURUSD Outlook |
Written by ActionForex.com |
Jan 28 10 06:36 GMT |
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EUR/USD's decline is still in progress intraday bias remains on the downside for the moment. As noted before, current decline from 1.5143 is expected to continue to next key cluster support at 1.3737. On the upside, however,r above 1.4088 minor resistance will argue that a short term bottom is formed, possibly with bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to 1.4193 resistance and above. |
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EURUSD Outlook |
Written by ActionForex.com |
Jan 27 10 14:43 GMT |
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EUR/USD's break of 1.4028 argues that fall recent decline is resuming and at this point, intraday bias remains on the downside with 1.4113 minor resistance intact. Current fall is expected to extend towards next key cluster support at 1.3737. On the upside, above 1.4113 will argue that consolidation from 1.4028 is still in progress and turn intraday bias neutral. Nevertheless, even in case of another rise, upside is expected to be limited below 1.4334 resistance and bring fall resumption. |
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