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EURUSD Outlook |
Written by ActionForex.com |
May 09 08 08:36 GMT |
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EUR/USD's rebound from 1.5284 continues today and at this point, intraday bias is mildly on the upside as long as 1.5387 minor support holds. Further rebound could be seen to 4 hours 55 EMA (now at 1.5508). However, another fall is expected as long as EUR/USD stays below 1.5594 resistance. Below 1.5284 again will encourage decline towards next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. |
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EURUSD Outlook |
Written by ActionForex.com |
May 08 08 14:22 GMT |
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EUR/USD fall was contained at 1.5284 today. Subsequent recovery and break of 1.5410 minor resistance indicates that an intraday bottom is in place and turns outlook neutral first. Further consolidation could be seen but still, another fall is expected as long as EUR/USD stays below 1.5594 resistance. Below 1.5283 again will encourage decline towards next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. |
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EURUSD Outlook |
Written by ActionForex.com |
May 08 08 08:54 GMT |
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EUR/USD's fall from 1.5594 extends further to as low as 1.5285 today, taking out 1.5342/60 support zone. At this point, intraday bias remains on the downside as long as 1.5410 minor resistance holds. As discussed before, sustained trading below 1.5342 will indicate that decline from 1.6019 has resumed and set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. On the upside, above 1.5410 will turn intraday outlook neutral first. But further decline is still expected as long as EUR/USD stays below 1.5594 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 07 08 13:59 GMT |
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EUR/USD's sharp fall from 1.5594 and break of 1.5452 minor support suggest that recovery from 1.5360 has completed after touching 4 hours 55 EMA. Further decline is now expected to retest mentioned 1.5342/60 support zone. As discussed before, Sustained trading below 1.5342 will indicate that decline from 1.6019 has resumed and set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. On the upside, while another recovery cannot be ruled out, further decline is still expected as long as EUR/USD stays below 1.5644 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 07 08 08:06 GMT |
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EUR/USD's recovery from 1.5360 was limited at 1.5594 and retreats after touching 4 hours 55 EMA. At this point, intraday outlook remains neutral and further recovery cannot be ruled out. But still, another fall is expected as long as recovery is limited by 1.5644 resistance. Below 1.5452 will flip intraday bias back to the downside for 1.5342 support zone. Sustained trading below 1.5342 will set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. |
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EURUSD Outlook |
Written by ActionForex.com |
May 06 08 14:55 GMT |
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EUR/USD's recovery from 1.5360 continues today and extends further to 1.5594, touching mentioned 4 hours 55 EMA (now at 1.5590). Intraday bias remains on the upside as recovery may continue. But still, another fall is expected as long as recovery is limited by 1.5644 resistance. Below 1.5452 will flip intraday bias back to the downside for 1.5342 support zone. Sustained trading below 1.5342 will set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. |
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EURUSD Outlook |
Written by ActionForex.com |
May 06 08 08:11 GMT |
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EUR/USD's consolidation from 1.5360 continues today. As discussed before, an intraday low is in place at 1.5360 after fall from 1.6019 touched mentioned 1.5342/66 cluster support zone. Intraday bias remains neutral for the moment with risk of recovering further to 4 hours 55 EMA (now at 1.5590). But still, another fall is expected as long as recovery is limited by 1.5644 resistance. Sustained trading below 1.5342 will set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. |
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EURUSD Outlook |
Written by ActionForex.com |
May 05 08 14:54 GMT |
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EUR/USD recovery and touching of 1.5498 minor resistance today indicates that an intraday low is in place at 1.5360, after toucing mentioned 1.5342/66 cluster support zone. Intraday bias is turned neutral for the moment and some more consolidation could be seen. But another fall is still expected as long as recovery is limited by 1.5644 resistance. Sustained trading below 1.5342 will set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. |
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EURUSD Outlook |
Written by ActionForex.com |
May 05 08 08:23 GMT |
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EUR/USD recovers mildly after fall from 1.6019 reached as low as 1.5360, touching mentioned 1.5342/66 cluster support zone. At this point, intraday bias remains on the downside as long as 1.5498 minor resistance holds, Sustained trading below 1.5342 will set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. On the upside, above 1.5498 will turn intraday outlook neutral first. But another fall is still expected as long as recovery is limited by 1.5644 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 03 08 19:32 GMT |
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EUR/USD's decline from 1.6019 continued last week and dived to as low as 1.5360, touching mentioned 1.5342/66 cluster support zone as expected. From a short term angle, initial bias remains on the downside this week. Sustained trading below 1.5342 will set the stage for deeper fall to next short term target of 1.4966 cluster support (61.8% retracement of 1.4309 to 1.6019 at 1.4962) and probably below. On the upside, above 1.5498 will turn intraday outlook neutral first. But another fall is still in expected as long as recovery is limited by 1.5644 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 02 08 13:08 GMT |
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EUR/USD's fall from 1.6019 extends sharply lower to as low as 1.5360 in early US session touches mentioned 1.5342/66 cluster support zone. At this point, intraday bias remains on the downside as long as 1.5498 minor resistance holds. Sustained break of 1.5342/66 cluster support zone will set the stage for further decline to next short term target of 1.4966 resistance turned support. On the upside, above 1.5498 will turn intraday outlook neutral first. But another fall is still expected as long as recovery is limited below 1.5644 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 02 08 08:50 GMT |
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EUR/USD falls further to as low as 1.5429 before turning sideway. At this point, intraday bias remains on the downside as long as 1.5545 minor resistance holds and further decline is still expected to 1.5342/66 cluster support zone. On the upside, above 1.5545 will turn intraday consolidative first. But another fall is still expected as long as consolidation is limited below 1.5644 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 01 08 14:33 GMT |
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EUR/USD's fall from 1.6019 extends further as expected and reaches as low as 1.5441 in early US session. At this point, intraday bias remains on the downside and further decline is expected to 1.5342/66 cluster support zone. On the upside, above 1.5545 will turn intraday consolidative first. But another fall is still expected as long as consolidation is limited below 1.5694 resistance. |
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EURUSD Outlook |
Written by ActionForex.com |
May 01 08 08:26 GMT |
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Outlook in EUR/USD remains unchanged as the recovery from 1.5516 was limited below mentioned 1.5664 minor resistance and weakens sharply again in early European session. While EUR/USD is losing some intraday downside momentum, bias remains mildly on the downside as long as 1.5664 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342 with bearish divergence condition in 4 hours MACD and RSI. Also, the diagonal triangle should also be the last advance in a five wave rally that started at 1.4309. Hence further decline is expected towards 1.5342/66 cluster support (38.2% retracement of 1.4309 to 1.6019 at 1.5366). On the upside, above 1.5664 will indicate that an intraday low is in place and bring recovery. But upside should be limited by 1.5773 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Apr 30 08 13:51 GMT |
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EUR/USD edges further lower to 1.5516 in early US session. While EUR/USD is losing some intraday downside momentum, bias remains mildly on the downside as long as 1.5664 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342 with bearish divergence condition in 4 hours MACD and RSI. Also, the diagonal triangle should also be the last advance in a five wave rally that started at 1.4309. Hence further decline is expected towards 1.5342/66 cluster support (38.2% retracement of 1.4309 to 1.6019 at 1.5366). On the upside, above 1.5664 will indicate that an intraday low is in place and bring recovery. But upside should be limited by 1.5773 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Apr 30 08 08:03 GMT |
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EUR/USD is losing some intraday downside momentum after fall from 1.6019 stabilizes. Still, intraday bias remains mildly on the downside as long as 1.5664 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342 with bearish divergence condition in 4 hours MACD and RSI. Also, the diagonal triangle should also be the last advance in a five wave rally that started at 1.4309. Hence further decline is expected towards 1.5342/66 cluster support (38.2% retracement of 1.4309 to 1.6019 at 1.5366). On the upside, above 1.5664 will indicate that an intraday low is in place and bring recovery. But upside should be limited by 1.5773 resistance and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Apr 29 08 14:49 GMT |
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Outlook in EUR/USD remains unchanged. Intraday bias remains on the downside as long as 1.5664 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342 with bearish divergence condition in 4 hours MACD and RSI. Also, the diagonal triangle should also be the last advance in a five wave rally that started at 1.4309. Hence further decline is expected towards 1.5342 cluster support (38.2% retracement of 1.4309 to 1.6019 at 1.5366). On the upside, above 1.5664 will indicate that an intraday low is in place and bring recovery. But upside should be limited by 4 hours 55 EMA (now at 1.5748) and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Apr 29 08 08:22 GMT |
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EUR/USD's fall from 1.6019 resumes in early European session by diving lower to 1.5539. At this point, intraday bias remains on the downside as long as 1.5664 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342 with bearish divergence condition in 4 hours MACD and RSI. Also, the diagonal triangle should also be the last advance in a five wave rally that started at 1.4309. Hence further decline is expected towards 1.5342 cluster support (38.2% retracement of 1.4309 to 1.6019 at 1.5366). On the upside, above 1.5664 will indicate that an intraday low is in place and bring recovery. But upside should be limited by 4 hours 55 EMA (now at 1.5754) and bring fall resumption. |
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EURUSD Outlook |
Written by ActionForex.com |
Apr 28 08 13:38 GMT |
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EUR/USD's recovery is still limited below mentioned 1.5707 minor resisteance and outlook remains unchanged. Intraday bias remains on the downside as long as 1.5707 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342 with bearish divergence condition in 4 hours MACD and RSI. Also, the diagonal triangle should also be the last advance in a five wave rally that started at 1.4309. Hence further decline is expected towards 1.5342 cluster support (38.2% retracement of 1.4039 to 1.6019 at 1.5466). On the upside, above 1.5707 will indicate that an intraday low is in place and bring recovery. But upside should be limited by 4 hours 55 EMA (now at 1.5790) and bring fall resumption. |
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