Daily Pivots: (S1) 1.1070; (P) 1.1106; (R1) 1.1127; More…

Focus remains on 1.1085 support in EUR/USD. Sustained break will complete a head and shoulder top (ls: 1.1199, h: 1.1239, rs: 1.1172). That will also argue that whole corrective rise from 1.0879 has completed. In this case, intraday bias will be turned to the downside for 1.0981 support for confirmation. On the upside, above 1.1172 will turn bias to the upside for 1.1239 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1070; (P) 1.1106; (R1) 1.1127; More…

Focus is on 1.1085 support in EUR?USD. Break will complete a head and shoulder top (ls: 1.1199, h: 1.1239, rs: 1.1172). That will also argue that whole corrective rise from 1.0879 has completed. In this case, intraday bias will be turned to the downside for 1.0981 support for confirmation. On the upside, above 1.1172 will turn bias to the upside for 1.1239 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

EUR/USD recovered to 1.1172 last week but reversed and dropped sharply from there. The development suggests that a head and shoulder top could be formed (ls: 1.1199, h: 1.1239, rs: 1.1172. Focus is now on 1.1085 support this week. Break there will argue that whole corrective rise from 1.0879 has completed. In this case, intraday bias will be turned to the downside for 1.0981 support for confirmation. On the upside, above 1.1172 will turn bias to the upside for 1.1239 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

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 1.1538) holds.

Daily Pivots: (S1) 1.1118; (P) 1.1146; (R1) 1.1163; More…

Current development now argues that fall from 1.1239 is not completed. Focus is back on 1.1066 support. Break will firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation. Nevertheless, break of 1.1239 will extend the rebound from 1.0879.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1118; (P) 1.1146; (R1) 1.1163; More…

Intraday bias in EUR/USD remains neutral first. Further rise is mildly in favor with 1.1066 support intact. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1125; (P) 1.1144; (R1) 1.1169; More…

No change in EUR/USD’s outlook as range trading continues. Intraday bias stays neutral and further rise is mildly in favor with 1.1066 support intact. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1125; (P) 1.1144; (R1) 1.1169; More…

Intraday bias in EUR/USD remains neutral as range trading continues. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1106; (P) 1.1126; (R1) 1.1146; More…

EUR/USD recovers again but stays inside range of 1.1066/1239. Intraday bias remains neutral first. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1106; (P) 1.1126; (R1) 1.1146; More…

Intraday bias in EUR/USD remain neutral at this point, and outlook is unchanged. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1116; (P) 1.1132; (R1) 1.1150; More…

Outlook in EUR/USD remains unchanged and intraday bias stays neutral for the moment. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1116; (P) 1.1132; (R1) 1.1150; More…

EUR/USD recovered ahead of 1.1066 support but stays below 1.1239 resistance. Intraday bias remains neutral for now. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1094; (P) 1.1112; (R1) 1.1138; More…

No change in EUR/USD’s outlook and intraday bias remains neutral first. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1094; (P) 1.1112; (R1) 1.1138; More…

Intraday bias in EUR/USD remains neutral first. With 1.1066 support intact, further rise is still mildly in favor. On the upside, break of 1.1239 will resume such rally from 1.0879 and target 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

EUR/USD dropped sharply last week but downside is contained above 1.1066 support so far. Initial bias remains neutral this week first and rise from 1.0879 is in favor to continue. On the upside, break of 1.1239 will resume such rally and 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

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 1.1538) holds.

Daily Pivots: (S1) 1.1093; (P) 1.1106; (R1) 1.1120; More…

No change in EUR/USD’s outlook as it’s staying above 1.1066 support. On the upside, break of 1.1239 will extend whole rally from 1.0879 to 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1093; (P) 1.1106; (R1) 1.1120; More…

Intraday bias in EUR/USD remains neutral at this point and further rise is expected with 1.1066 support intact. On the upside, break of 1.1239 will extend whole rally from 1.0879 to 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1084; (P) 1.1126; (R1) 1.1147; More…

EUR/USD is staying above 1.1066 support and intraday bias remains neutral first. On the downside, firm break of 1.1066 will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation. However, strong rebound from 1.1066 will retain near term bullishness. Break of 1.1239 will extend whole rally from 1.0879 to 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1084; (P) 1.1126; (R1) 1.1147; More…

Focus is now back on 1.1066 support in EUR/USD. Firm break there will argue that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation. However, strong rebound from 1.1066 will retain near term bullishness. Break of 1.1239 will extend whole rally from 1.0879 to 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1121; (P) 1.1160; (R1) 1.1185; More…

EUR/USD’s correction from 1.1239 extends lower today but it’s staying above 1.1066 support. Intraday bias remains neutral first and another rise is still in favor. On the upside, above 1.1239 will extend whole rally from 1.0879 to 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, on the downside, break of 1.1066 will suggest that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.

Daily Pivots: (S1) 1.1121; (P) 1.1160; (R1) 1.1185; More…

Consolidative trading in EUR/USD continues and intraday bias stays neutral first. With 1.1066 support intact, near term outlook remains bullish and further rally is in favor. On the upside, above 1.1239 will extend whole rally from 1.0879 to 100% projection of 1.0879 to 1.1179 from 1.0981 at 1.1281 next. However, on the downside, break of 1.1066 will suggest that whole rise from 1.0879 has completed. In this case, intraday bias will be turned back to the downside for 1.0981 support for confirmation.

In the bigger picture, rebound from 1.0879 is seen as a corrective move at this point. In case of another rise, upside should be limited by 38.2% retracement of 1.2555 to 1.0879 at 1.1519. And, down trend from 1.2555 (2018 high) would resume at a later stage. However, sustained break of 1.1519 will dampen this bearish view and bring stronger rise to 61.8% retracement at 1.1915 next.