EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1258; (P) 1.1331; (R1) 1.1373; More….

EUR/USD is still staying in range of 1.1231/1422 and intraday bias remains neutral first. On the upside, above 1.1422 will target 1.1496 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 1.1241 support will now indicate short term topping, and turn bias to the downside for 55 day EMA (now at 1.1035).

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1323; (P) 1.1373; (R1) 1.1424; More

Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.1422 will target 1.1496 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 1.1241 support will now indicate short term topping, and turn bias to the downside for 55 day EMA (now at 1.1027).

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1323; (P) 1.1373; (R1) 1.1424; More

EUR/USD’s rally lost momentum again after hitting 1.1422. Intraday bias is turned neutral first. On the upside, above 1.1422 will target 1.1496 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 1.1241 support will now indicate short term topping, and turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1264; (P) 1.1314; (R1) 1.1387; More

EUR/USD’s breach of 1.1383 temporary top suggests that rise from 1.0635 is resuming. Intraday bias is back on the upside for 1.1496 resistance next. Decisive break there will carry larger bullish implications. On the downside, break of 1.1241 support will now indicate short term topping, and turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1264; (P) 1.1314; (R1) 1.1387; More

Intraday bias in EUR/USD remains neutral first and some more sideway consolidation could still be seen. But further rally is in favor as long as 1.1195 minor support holds. Above 1.1383 will target a test on 1.1496 key resistance. Though, break of 1.1195 will indicate short term topping ad turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1267; (P) 1.1294; (R1) 1.1318; More

Intraday bias in EUR/USD stays neutral for the moment and some more consolidation could be seen. But further rally is in favor as long as 1.1195 minor support holds. Above 1.1383 will target a test on 1.1496 key resistance. Though, break of 1.1195 will indicate short term topping ad turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1267; (P) 1.1294; (R1) 1.1318; More

Intraday bias in EUR/USD remains neutral for consolidation below 1.1383 temporary top. Further rally is in favor as long as 1.1195 minor support holds. Above 1.1383 will target a test on 1.1496 key resistance. Though, break of 1.1195 will indicate short term topping ad turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1250; (P) 1.1317; (R1) 1.1355; More

EUR/USD is staying in consolidation below 1.1383 and intraday bias remains neutral. Further rally is in favor as long as 1.1195 minor support holds. Above 1.1383 will target a test on 1.1496 key resistance. Though, break of 1.1195 will indicate short term topping ad turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1250; (P) 1.1317; (R1) 1.1355; More

Intraday bias in EUR/USD remains neutral for consolidation below 1.1383 temporary top. Further rally is in favor as long as 1.1195 minor support holds. Above 1.1383 will target a test on 1.1496 key resistance. Though, break of 1.1195 will indicate short term topping ad turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Weekly Outlook

EUR/USD’s rally accelerated to as high as 1.1383 last week. But as a temporary top was formed after subsequent retreat, initial bias is neutral this week first. Further rally is in favor as long as 1.1195 minor support holds. Above 1.1383 will target a test on 1.1496 key resistance. Though, break of 1.1195 will indicate short term topping ad turn bias to the downside.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

In the long term picture, outlook remains bearish for now as it’s staying below 55 month EMA, as well as decade long falling trend line. Down trend from 1.6039 (2008 high) is still in favor to extend through 1.0339 down the road. However, sustained trading above 55 month EMA will firstly suggest that fall from 1.2555 has completed. It would also be an early indication on long term bullish reversal. Focus would be back on 1.255 cluster resistance (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ).

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1232; (P) 1.1297; (R1) 1.1399; More

EUR/USD retreats mildly after hitting 1.1383 but there is no clear sign of topping yet. Intraday bias remains on the upside for 1.1496 key resistance next. Decisive break there will carry larger bullish implications. On the downside, break of 1.1195 minor support will turn intraday bias neutral again and bring consolidations first.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1232; (P) 1.1297; (R1) 1.1399; More

Intraday bias in EUR/USD remains on the upside at this point. Current rally is in progress for 1.1496 key resistance next. Decisive break there will carry larger bullish implications. On the downside, break of 1.1195 minor support will turn intraday bias neutral again and bring consolidations first.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1180; (P) 1.1219; (R1) 1.1271; More

EUR/USD’s rally resumes after brief consolidations and intraday bias is back on the upside. Current rise should target 1.1496 key resistance next. Decisive break there will carry larger bullish implications. On the downside, break of 1.1186 minor support will turn intraday bias neutral again and bring more consolidations first.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1180; (P) 1.1219; (R1) 1.1271; More

Intraday bias in EUR/USD is turned neutral with 4 hour MACD crossed below signal line. Further rise will remain mildly in favor as long as 1.1115 support holds. Break of 1.1257 will target a test on 1.1496 key resistance next. Firm break there will carry larger bullish implications. On the downside, through, break of 1.1115 minor support will revive the case that price actions from 1.0635 are merely a corrective pattern. Intraday bias will be turned back to the downside for 1.1008 support.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1123; (P) 1.1160; (R1) 1.1204; More

Intraday bias in EUR/USD remains on the upside for the moment. Stronger rebound is possibly underway to retest 1.1496 key resistance. Firm break there will carry larger bullish implications. On the downside, below 1.1115 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1123; (P) 1.1160; (R1) 1.1204; More

The strong break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 suggests that stronger rally is underway. Intraday bias in EUR/USD stays on the upside for retesting 1.1496 high. Firm break there will carry larger bullish implications. On the downside, below 1.1115 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1105; (P) 1.1129; (R1) 1.1158; More

EUR/USD’s rally resumed after brief retreat and hits as high as 1.1187. 61.8% retracement of 1.1496 to 1.0635 at 1.1167 is breached and is now the focus. Sustained trading above there will pave the way to retest 1.1496 key resistance. On the downside, break of 1.1081 minor support will suggest rejection by 1.1167 and turn bias to the downside for 1.1108 support first.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1105; (P) 1.1129; (R1) 1.1158; More

With 4 hour MACD crossed below signa line, intraday bias in EUR/USD is turned neutral first. We continue to expect strong resistance from 61.8% retracement of 1.1496 to 1.0635 at 1.1167 to complete the consolidation pattern from 1.0635. On the downside, below 1.1008 resistance turned support will turn intraday bias to the downside for 1.0870 support. However, sustained break of 1.1167 will pave the way to 1.1496 key resistance next.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1070; (P) 1.1108; (R1) 1.1145; More

Intraday bias in EUR/USD remains mildly on the upside at this point. Price actions from 1.0635 are seen as corrective pattern. Upside should be limited by 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, below 1.1008 resistance turned support will turn intraday bias to the downside for 1.0870 support. However, sustained break of 1.1167 will pave the way to 1.1496 key resistance next.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1070; (P) 1.1108; (R1) 1.1145; More

Intraday bias in EUR/USD remains on the upside for further rise. Price actions from 1.0635 are seen as corrective pattern. Upside should be limited by 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, below 1.1008 resistance turned support will turn intraday bias to the downside for 1.0870 support. However, sustained break of 1.1167 will pave the way to 1.1496 key resistance next.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.