Daily Pivots: (S1) 1.1510; (P) 1.1554; (R1) 1.1590; More…

Focus stays on 55 D EMA (now at 1.1536). Sustained break there will argue that fall from 1.1829 is already correcting the whole rise from 1.0176. Deeper decline should then be seen to 38.2% retracement of 1.0176 to 1.1829 at 1.1198. Nevertheless, strong rebound from the EMA will maintain near term bullishness. Above 1.1598 minor resistance will turn intraday bias neutral first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1526; (P) 1.1648; (R1) 1.1711; More…

Intraday bias in EUR/USD remains on the downside with focus on 55 D EMA (now at 1.1538). Sustained break there will argue that fall from 1.1829 is already correcting the whole rise from 1.0176. Deeper decline should then be seen to 38.2% retracement of 1.0176 to 1.1829 at 1.1198. Nevertheless, strong rebound from the EMA will maintain near term bullishness. Above 1.1598 minor resistance will turn intraday bias neutral first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1526; (P) 1.1648; (R1) 1.1711; More…

Intraday bias in EUR/USD stays on the downside as fall from 1.1829 resumed by breaking 1.1555 support. Strong support could be seen from 55 D EMA (now at 1.1538) to complete the correction. On the upside, above 1.1598 minor resistance will turn intraday bias neutral first. However, sustained trading below 55 D EMA will suggest that it’s already correcting the rise from 1.0176. Deeper decline should then be seen to 38.2% retracement of 1.0176 to 1.1829 at 1.1198.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1710; (P) 1.1735; (R1) 1.1768; More…

EUR/USD’s break of 1.1677 minor support suggests that corrective pattern from 1.1829 is extending with the third leg. Intraday bias is back on the downside for 1.1555 support and possibly below. But downside should be contained by 55 D EMA (now at 1.1538) to bring rebound. On the upside, above 1.1788 will bring retest of 1.1829 high first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1710; (P) 1.1735; (R1) 1.1768; More…

Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.1788 will bring retest of 1.1829. Firm break there will will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will turn bias to the downside, and extend the corrective pattern from 1.1829 with another falling leg.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

EUR/USD rebounded last week but lost momentum after hitting 1.1788. Initial bias stays neutral this week first. On the upside, above 1.1788 will bring retest of 1.1829. Firm break there will will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will turn bias to the downside, and extend the corrective pattern from 1.1829 with another falling leg.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

In the long term picture, a long term bottom was in place already at 0.9534, on bullish convergence condition in M MACD. Further rise should be seen to 38.2% retracement of 1.6039 to 0.9534 at 1.2019. Rejection by 1.2019 will keep the price actions from 0.9534 as a corrective pattern. But sustained break of 1.2019 will suggest long term bullish trend reversal, and target 61.8% retracement at 1.3554.

Daily Pivots: (S1) 1.1723; (P) 1.1756; (R1) 1.1781; More…

Intraday bias in EUR/USD is turned neutral with current retreat. Further rise is favor as long as 1.1677 minor support holds. Firm break of 1.1829 will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will turn bias to the downside, and extend the corrective pattern from 1.1829 with another falling leg.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1723; (P) 1.1756; (R1) 1.1781; More…

Intraday bias in EUR/USD stays mildly on the upside and rise from 1.1555 would extend to retest 1.1829 high. Firm break there will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will delay the bullish case, and turn intraday bias neutral, with more consolidations below 1.1829 first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1730; (P) 1.1753; (R1) 1.1794; More…

Intraday bias in EUR/USD remains on the upside at this point. Rise from 1.1555 is in progress for retesting 1.1829 high. Firm break there will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will delay the bullish case, and turn intraday bias neutral, with more consolidations below 1.1829 first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1730; (P) 1.1753; (R1) 1.1794; More…

EUR/USD’s rebound from 1.1555 is still in progress and intraday bias stays on the upside for retesting 1.1829 high. Firm break there will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will delay the bullish case, and turn intraday bias neutral, with more consolidations below 1.1829 first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1702; (P) 1.1731; (R1) 1.1784; More…

Intraday bias in EUR/USD remains mildly on the upside for retesting 1.1829 high. Firm break there will resume whole rally from 1.0176, and target 1.1916 projection level. However, break of 1.1677 will delay the bullish case, and turn intraday bias neutral, with more consolidations below 1.1829 first.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1702; (P) 1.1731; (R1) 1.1784; More…

EUR/USD’s break of 1.1720 minor resistance suggests that correction fro 1.1829 has completed at 1.1555, well ahead of 55 D EMA. Intraday bias is back on the upside for retesting 1.1829 first. Firm break there will resume whole rally from 1.0176. For now, risk will stay on the upside as long as 1.1555 support holds, in case of retreat.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1635; (P) 1.1676; (R1) 1.1737; More…

Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.1720 minor resistance will suggest that corrective pullback from 1.1829 has already completed at 1.1555. Intraday bias will be back on the upside for retesting 1.1829. On the downside, below 1.1555 will extend the correction towards 38.2% retracement of 1.0176 to 1.1829 at 1.1198.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1635; (P) 1.1676; (R1) 1.1737; More…

Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.1720 minor resistance will suggest that corrective pullback from 1.1829 has already completed at 1.1555. Intraday bias will be back on the upside for retesting 1.1829. On the downside, below 1.1555 will extend the correction towards 38.2% retracement of 1.0176 to 1.1829 at 1.1198.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1587; (P) 1.1630; (R1) 1.1667; More…

Intraday bias in EUR/USD stays neutral and outlook is unchanged. Fall from 1.1829 might extend lower, and sustained trading below 55 D EMA (now at 1.1498) will argue that it’s already correcting the rally from 1.0176, and target 38.2% retracement of 1.0176 to 1.1829 at 1.1198. On the upside, though, break of 1.1720 will bring retest of 1.1829 high.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1587; (P) 1.1630; (R1) 1.1667; More…

Intraday bias in EUR/USD remains neutral. Fall from 1.1829 might extend lower, and sustained trading below 55 D EMA (now at 1.1498) will argue that it’s already correcting the rally from 1.0176, and target 38.2% retracement of 1.0176 to 1.1829 at 1.1198. On the upside, though, break of 1.1720 will bring retest of 1.1829 high.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

EUR/USD’s corrective fall from 1.1829 extended lower last week but recovered after hitting 1.1555. Initial bias remains neutral this week first. On the downside, sustained trading below 55 D EMA (now at 1.1488) will argue that it’s already correcting the rally from 1.0176, and target 38.2% retracement of 1.0176 to 1.1829 at 1.1198. On the upside, though, break of 1.1720 will bring retest of 1.1829 high.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

In the long term picture, a long term bottom was in place already at 0.9534, on bullish convergence condition in M MACD. Further rise should be seen to 38.2% retracement of 1.6039 to 0.9534 at 1.2019. Rejection by 1.2019 will keep the price actions from 0.9534 as a corrective pattern. But sustained break of 1.2019 will suggest long term bullish trend reversal, and target 61.8% retracement at 1.3554.

Daily Pivots: (S1) 1.1555; (P) 1.1600; (R1) 1.1642; More…

Intraday bias in EUR/USD remains neutral for the moment. Below 1.1555 will extend the corrective fall from 1.1829 to 55 D EMA (now at 1.1493). Sustained break there will target 38.2% retracement of 1.0176 to 1.1829 at 1.1198. On the upside, though, break of 1.1720 will bring retest of 1.1829 high.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1555; (P) 1.1600; (R1) 1.1642; More…

Intraday bias in EUR/USD remains neutral at this point. Risk will stay mildly on the downside as long as 1.1829 resistance holds. Fall from there is correcting the rise from 1.1829 or whole rally from 1.0176. Below 1.1555 will target 55 D EMA (now at 1.1493). Sustained break there will target 38.2% retracement of 1.0176 to 1.1829 at 1.1198.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.1561; (P) 1.1642; (R1) 1.1721; More…

Intraday bias in EUR/USD remains neutral first. Risk Risk will stay mildly on the downside as long as 1.1829 resistance holds. Fall from there is correcting the rise from 1.1829 or whole rally from 1.0176. Below 1.1555 will target 55 D EMA (now at 1.1478). Sustained break there will target 38.2% retracement of 1.0176 to 1.1829 at 1.1198.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will remain the favored case as long as 1.1604 support holds.