Daily Pivots: (S1) 1.1081; (P) 1.1120; (R1) 1.1147; More…

EUR/USD’s fall from 1.1249 is still in progress. Intraday bias remains on the downside for 1.1206 low. Decisive break there will extend the downtrend from 1.2555. On the downside, above 1.1130 minor resistance will turn intraday bias back to the upside to extend the corrective. But in that case, we’d expect strong resistance from 1.1282 to limit upside.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1081; (P) 1.1120; (R1) 1.1147; More…

Intraday bias in EUR/USD remains on the downside at this point. Rebound from 1.1026 has completed at 1.1249 already, after failing to sustain above 55 day EMA. Firm break of 1.1026 will extend the downtrend from 1.2555. On the downside, above 1.1158 minor resistance will turn intraday bias back to the upside to extend the corrective. But in that case, we’d expect strong resistance from 1.1282 to limit upside.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1116; (P) 1.1154; (R1) 1.1176; More…

EUR/USD’s break of 1.1133 minor support argues that rebound from 1.1026 has completed at 1.1249 already, after failing to sustain above 55 day EMA. Intraday bias is turned back to the downside for 1.1026 low. Firm break there will extend the downtrend from 1.2555. In case of another rise, we’d expect strong resistance from 1.1282 to limit upside.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1116; (P) 1.1154; (R1) 1.1176; More…

EUR/USD’s focus is now on 1.1133 minor support. Break will indicate completion of rebound from 1.1026. Intraday bias will be turned bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. IN case of another rise, we’d expect strong resistance from 1.1282 to limit upside.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1152; (P) 1.1190; (R1) 1.1211; More…

Outlook in EUR/USD is unchanged and intraday bias stays neutral for the moment. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1152; (P) 1.1190; (R1) 1.1211; More…

Intraday bias in EUR/USD remains neutral and outlook is unchanged. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1174; (P) 1.1202; (R1) 1.1243; More…

No change in EUR/USD’s outlook and intraday bias remains neutral first. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1174; (P) 1.1202; (R1) 1.1243; More…

Intraday bias in EUR/USD remains neutral and outlook is unchanged. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1179; (P) 1.1201; (R1) 1.1223; More…

No change in EUR/USD’s outlook and intraday bias remains neutral. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1179; (P) 1.1201; (R1) 1.1223; More…

Intraday bias in EUR/USD remains neutral for the moment. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

EUR/USD rebounded strongly last week but failed to break through 1.1282 resistance. Initial bias is neutral this week first. With 1.1282 intact, further decline is expected. Break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

In the long term picture, outlook remains bearish for now. EUR/USD is held below decade long trend line that started from 1.6039 (2008 high). It was also rejected by 38.2% retracement of 1.6039 to 1.0339 at 1.2516 before. A break of 1.0039 low will remain in favor as long as 55 month EMA (now at 1.1652) holds.

Daily Pivots: (S1) 1.1160; (P) 1.1196; (R1) 1.1216; More…..

Intraday bias in EUR/USD remains neutral at this point. While recovery from 1.1026 might extend, we’d still expect strong resistance from 1.1282 to limit upside. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1160; (P) 1.1196; (R1) 1.1216; More…..

Outlook in EUR/USD remains unchanged. While recovery from 1.1026 might extend, we’d still expect strong resistance from 1.1282 to limit upside. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1171; (P) 1.1207; (R1) 1.1234; More…..

No change in EUR/USD’s outlook. While recovery from 1.1026 might extend, we’d still expect strong resistance from 1.1282 to limit upside. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1171; (P) 1.1207; (R1) 1.1234; More…..

Outlook in EUR/USD remains unchanged. Recovery from 1.1026 might extend. But we’d still expect strong resistance from 1.1282 to limit upside. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1163; (P) 1.1206; (R1) 1.1245; More…..

No change in EUR/USD’s outlook. Recovery from 1.1026 might extend. But we’d still expect strong resistance from 1.1282 to finish it. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1163; (P) 1.1206; (R1) 1.1245; More…..

EUR/USD’s recovery from 1.1026 might extend higher, but we’d still expect strong resistance from 1.1282 to finish it. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1134; (P) 1.1173; (R1) 1.1243; More…..

At this point, we’d still expect strong resistance from 1.1282 to finish the recovery from 1.1026. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1134; (P) 1.1173; (R1) 1.1243; More…..

Intraday bias in EUR/USD remains mildly on the upside as recovery from 1.1026 extends. At this point, we’d still expect upside to be limited by 1.1282 resistance to bring fall resumption. On the downside, below 1.1133 minor support will turn bias back to the downside. Break of 1.1026 will extend the downtrend from 1.2555. Though, break of 1.1282 will turn focus back to 1.1412 resistance next.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.1079; (P) 1.1098; (R1) 1.1125; More…..

EUR/USD’s rebound from 1.0126 extends higher today. Break of 1.1162 resistance suggests short term bottoming. Intraday bias is back on the upside for 55 day EMA (now at 1.1216) and above. But upside should be limited by 1.1282 resistance to bring fall resumption. On the downside, break of 1.1026 will extend the downtrend from 1.2555.

In the bigger picture, current development suggests that down trend from 1.2555 (2018) is in progress and extending. Prior rejection of 55 week EMA also maintained bearishness. Further fall should be seen to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Decisive break there will target 1.0339 (2017 low). On the upside, break of 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.