Daily Pivots: (S1) 1.1085; (P) 1.1097; (R1) 1.1115; More…

Outlook in EUR/USD remains unchanged at this point. With 1.1066 minor support intact, further rise is still in favor. Corrective decline form 1.1179 could have completed at 1.0981. Rise from there would target a test on 1.1179 first. Break will resume whole rally form 1.0879. However, break of 1.1066 will turn bias back to the downside for 1.0981 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.1057; (P) 1.1086; (R1) 1.1106; More…

With 1.1066 minor support intact, further rise is still in favor in EUR/USD. Corrective decline form 1.1179 could have completed at 1.0981. Rise from there would target a test on 1.1179 first. Break will resume whole rally form 1.0879. However, break of 1.1066 will turn bias back to the downside for 1.0981 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.1057; (P) 1.1086; (R1) 1.1106; More…

At this point, further rise will remain mildly in favor in EUR/USD as long as 1.1066 minor support holds. Corrective decline form 1.1179 could have completed at 1.0981. Rise from there would target a test on 1.1179 first. Break will resume whole rally form 1.0879. However, break of 1.1066 will turn bias back to the downside for 1.0981 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.1067; (P) 1.1080; (R1) 1.1095; More…

EUR/USD’s break of 1.1097 suggests that pull back from 1.1179 has completed at 1.0981. More importantly, rise from 1.0879 might be resuming. Intraday bias is back on the upside for 1.1179 first. Break will confirm this bullish case. On the downside, break of 1.1066 minor support will turn bias back to the downside for 1.0981 instead.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.1067; (P) 1.1080; (R1) 1.1095; More…

Intraday bias in EUR/USD remains neutral with focus on 1.1097 resistance. With 1.1097 resistance intact, fall from 1.1179 is still in favor to continue. Break of 1.0981 will target a test on 1.0879 low. However, break of 1.1097 will dampen our bearish view and bring stronger rise back to 1.1179.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.1025; (P) 1.1057; (R1) 1.1111; More…

Intraday bias in EUR/USD remains neutral first. With 1.1097 resistance intact, fall from 1.1179 is still in favor to continue. Break of 1.0981 will target a test on 1.0879 low. However, break of 1.1097 will dampen our bearish view and bring stronger rise back to 1.1179.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.1025; (P) 1.1057; (R1) 1.1111; More…

Intraday bias in EUR/USD remains neutral despite the strong rebound. With 1.1097 resistance intact, fall from 1.1179 is still in favor to continue. Break of 1.0981 will target a test on 1.0879 low. However, break of 1.1097 will dampen our bearish view and bring stronger rise back to 1.1179.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.0990; (P) 1.1009; (R1) 1.1037; More…

EUR/USD’s recovery from 1.0981 is still in progress and intraday bias stays neutral. Upside should be limited below 1.1097 resistance to bring fall resumption. On the downside, break of 1.0981 will extend the decline from 1.1175 to retest 1.0879 low. However, break of 1.1097 will dampen our bearish view and bring stronger rise back to 1.1175.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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) 1.0990; (P) 1.1009; (R1) 1.1037; More…

Intraday bias in EUR/USD remains neutral first and some recovery could be seen. Upside should be limited below 1.1097 resistance to bring fall resumption. On the downside, break of 1.0981 will extend the decline from 1.1175 to retest 1.0879 low. However, break of 1.1097 will dampen our bearish view and bring stronger rise back to 1.1175.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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 dipped to 1.0981 last week but quickly recovered. Initial bias is neutral this week first. Upside of recover should be limited below 1.1097 resistance to bring fall resumption. On the downside, break of 1.0981 will extend the decline from 1.1175 to retest 1.0879 low. However, break of 1.1097 will dampen our bearish view and bring stronger rise back to 1.1175.

In the bigger picture, rebound from 1.0879 is seen as a corrective move first. 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 1.1566) holds.

Daily Pivots: (S1) 1.1001; (P) 1.1010; (R1) 1.1019; More…

EUR/USD’s fall from 1.1175 resumed by taking out 1.0989 and hits as low as 1.0981 so far. Intraday bias is back on the downside. Current fall should target a test on 1.0879 low next. On the upside, above 1.1017 minor resistance will turn bias neutral and bring recovery. But upside should be limited well below 1.1097 resistance to bring another decline.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.1001; (P) 1.1010; (R1) 1.1019; More…

Intraday bias in EUR/USD remains neutral for the moment. Stronger recovery could be seen but upside should be limited below 1.1097 resistance. Corrective rise from 1.0879 could have completed at 1.1175 already. Break of 1.0989 will resume the fall from 1.1175 to retest 1.0879 low.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.0985; (P) 1.1005; (R1) 1.1018; More…

EUR/USD recovers ahead of 1.0989 support and intraday bias is turned neutral first. Stronger recovery could be seen but upside should be limited below 1.1097 resistance. Corrective rise from 1.0879 could have completed at 1.1175 already. Break of 1.0989 will resume the fall from 1.1175 to retest 1.0879 low.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.1011; (P) 1.1018; (R1) 1.1030; More…

Intraday bias in EUR/USD stays on the downside for the moment. Break of 1.0989 support will affirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. On the upside, above 1.1025 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.1011; (P) 1.1018; (R1) 1.1030; More…

Intraday bias in EUR/USD remains mildly on the downside with 1.1032 minor resistance intact. Break of 1.0989 support will affirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. On the upside, above 1.1032 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.0999; (P) 1.1016; (R1) 1.1027; More…

With 1.1032 minor resistance intact, intraday bias in EUR/USD remains mildly on the downside for 1.0989 support. Break will reaffirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. On the upside, above 1.1032 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.0999; (P) 1.1016; (R1) 1.1027; More…

No change in EUR/USD’s outlook as intraday bias remains on the downside for 1.0989 support. Break will reaffirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. On the upside, above 1.1032 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.0994; (P) 1.1040; (R1) 1.1066; More…

Intraday bias in EUR/USD remains on the downside for 1.0989 support. Break will reaffirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. On the upside, above 1.1032 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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) 1.0994; (P) 1.1040; (R1) 1.1066; More…

Intraday bias in EUR/USD remains mildly on the downside for 1.0989 support first. Break will reaffirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. For now, risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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 edged higher to 1.1097 last week but reversed from there and dropped sharply. The failure to sustain above 55 day EMA is a sign of near term bearishness. Initial bias stays on the downside this week for 1.0989 support first. Break will reaffirm the case that corrective rise from 1.0879 has completed at 1.1175. Deeper fall should then be seen to retest 1.0879 low. For now, risk will stay on the downside as long as 1.1097 resistance holds, in case of recovery.

In the bigger picture, at this point, rebound from 1.0879 is seen as a corrective move first. 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 1.1568) holds.