Daily Pivots: (S1) 1.1746; (P) 1.1776; (R1) 1.1831; More…..

Intraday bias in EUR/USD stays neutral first but focus is back on 1.1908 temporary top with current rebound. Break there will resume whole rise from 1.0635. Next target will be 161.8% projection of 1.0774 to 1.1422 from 1.1255 at 1.2303. nevertheless, on the downside, break of 1.1695 support should finally confirm short term topping and bring deeper correction lower.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1746; (P) 1.1776; (R1) 1.1831; More…..

Intraday bias in EUR/USD remains neutral first. On the downside, firm break of 1.1698 minor support would confirm short term topping at 1.1908, on bearish divergence condition in 4 hour MACD. Intraday bias will be turned back to the downside for 1.1422 cluster support (38.2% retracement of 1.0635 to 1.1908 at 1.1422). But we’d expect strong support from there to bring rebound. However, decisive break there will bring deeper fall to 61.8% retracement at 1.1121.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1708; (P) 1.1753; (R1) 1.1809; More…..

EUR/USD is staying in range below 1.1908 and intraday bias remains neutral for the moment. On the downside, firm break of 1.1698 minor support would confirm short term topping at 1.1908, on bearish divergence condition in 4 hour MACD. Intraday bias will be turned back to the downside for 1.1422 cluster support (38.2% retracement of 1.0635 to 1.1908 at 1.1422). But we’d expect strong support from there to bring rebound. However, decisive break there will bring deeper fall to 61.8% retracement at 1.1121.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1708; (P) 1.1753; (R1) 1.1809; More…..

Intraday bias in EUR/USD remains neutral first. On the downside, firm break of 1.1698 minor support would confirm short term topping at 1.1908, on bearish divergence condition in 4 hour MACD. Intraday bias will be turned back to the downside for 1.1422 cluster support (38.2% retracement of 1.0635 to 1.1908 at 1.1422). But we’d expect strong support from there to bring rebound. However, decisive break there will bring deeper fall to 61.8% retracement at 1.1121.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1720; (P) 1.1814; (R1) 1.1867; More…..

Focus is now on 1.1698 minor support in EUR/USD. Firm break there would confirm short term topping at 1.1908, on bearish divergence condition in 4 hour MACD. Intraday bias will be turned back to the downside for 1.1422 cluster support (38.2% retracement of 1.0635 to 1.1908 at 1.1422) to bring rebound. However, decisive break there will bring deeper fall to 61.8% retracement at 1.1121.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1720; (P) 1.1814; (R1) 1.1867; More…..

Intraday bias in EUR/USD remains neutral first. Considering bearish divergence condition in 4 hour MACD, break of 1.1698 minor support will suggest short term topping. Intraday bias will be turned to the downside for deeper pull back. But downside should be contained above 1.1422 resistance turned support to bring rebound. On the upside, above 1.1908 will resume the whole rise from 1.0635 instead.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

EUR/USD rose to as high as 1.1908 last week but formed a temporary top there and retreated. Initial bias is neutral this week first. Considering bearish divergence condition in 4 hour MACD, break of 1.1698 minor support will suggest short term topping. Intraday bias will be turned to the downside for deeper pull back. But downside should be contained above 1.1422 resistance turned support to bring rebound. On the upside, above 1.1908 will resume the whole rise from 1.0635 instead.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise from 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

In the long term picture, the strong break of 55 month EMA is taken as a sign of long term trend reversal. Immediate focus will be on decade long trend line resistance (now at 1.1748). Sustained trading above there will add more credence to the case that down trend from 1.6039 (2008 high) has finished at 1.0339. Further break of 1.2555 cluster resistance (38.2% retracement of 1.6039 to 1.0339 at 1.2516) will confirm and target 61.8% retracement at 1.3862 and above.

Daily Pivots: (S1) 1.1770; (P) 1.1809; (R1) 1.1887; More…..

With 1.1730 minor support intact, further rise is expected in EUR/USD for 161.8% projection at 1.2216 next. On the downside, break of 1.1730 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1770; (P) 1.1809; (R1) 1.1887; More…..

EUR/USD’s rally continues today and hits as high as 1.1904 so far. 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 is taken out firmly. Intraday bias stays on the upside for 161.8% projection at 1.2216 next. On the downside, break of 1.1730 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1735; (P) 1.1771; (R1) 1.1827; More…..

Intraday bias in EUR/USD stays on the upside with focus on 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816. Sustained break there will pave the way to 161.8% projection at 1.2216 next. On the downside, break of 1.1698 minor support would suggests short term topping. Intraday bias will be turned back to the downside for 4 hour 55 EMA (now at 1.1629) and below.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1735; (P) 1.1771; (R1) 1.1827; More…..

Intraday bias stays mildly on the upside despite loss of upside momentum. Firm break of 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 will target 161.8% projection at 1.2216 next. On the downside, below 1.1640 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 1.1422 resistance turned support and bring another rally.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1686; (P) 1.1730; (R1) 1.1761; More…..

Further rise in EUR/USD is still in favor with 1.1681 minor support despite loss of upside momentum as seen in 4 hour MACD. Firm break of 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 will target 161.8% projection at 1.2216 next. On the downside, below 1.1640 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 1.1422 resistance turned support and bring another rally.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1686; (P) 1.1730; (R1) 1.1761; More…..

EUR/USD is losing upside momentum but with 1.1681 minor support intact, intraday bias remains on the upside for 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 first. Break will target 161.8% projection at 1.2216 next. On the downside, below 1.1640 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 1.1422 resistance turned support and bring another rally.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1668; (P) 1.1725; (R1) 1.1807; More…..

EUR/USD’s rally is still in progress and intraday bias stays on the upside for 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 first. Break will target 161.8% projection at 1.2216 next. On the downside, below 1.1640 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 1.1422 resistance turned support and bring another rally.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1668; (P) 1.1725; (R1) 1.1807; More…..

Intraday bias in EUR/USD remains on the upside at this point. Current rise should target 00% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 first. Break will target 161.8% projection at 1.2216 next. On the downside, below 1.1640 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 1.1422 resistance turned support and bring another rally.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1605; (P) 1.1631; (R1) 1.1682; More…..

EUR/USD’s rally continues to accelerate today and hits as high as 1.1764 so far. Intraday bias remains on the upside for 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 first. Break will target 161.8% projection at 1.2216 next. On the downside, below 1.1640 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 1.1422 resistance turned support and bring another rally.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1605; (P) 1.1631; (R1) 1.1682; More…..

EUR/USD’s up trend continues today and hits as high as 1.1725 so far. Intraday bias remains on the upside for 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 next. On the downside, below 1.1581 minor support will turn intraday bias neutral and bring consolidations first. But retreat should be contained by 1.1422 resistance turned support to bring rise resumption.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

EUR/USD surged to as high as 1.1658 last week as rise from 1.0635 extended. Initial bias remains on the upside this week. Next target will be 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816. On the downside, below 1.1581 minor support will turn intraday bias neutral and bring consolidations first. But retreat should be contained by 1.1422 resistance turned support to bring rise resumption.

In the bigger picture, the strong break of 1.1496 resistance now suggests that whole down trend from 1.2555 (2018 high) has completed at 1.0635 already. Rise form 1.0635 should be the third leg of the pattern from 1.0339 (2017 low). Further rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1168 support holds.

In the long term picture, the strong break of 55 month EMA is taken as a sign of long term trend reversal. Immediate focus will be on decade long trend line resistance (now at 1.1777). Sustained trading above there will add more credence to the case that down trend from 1.6039 (2008 high) has finished at 1.0339. Further break of 1.2555 cluster resistance (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ) will confirm and target 61.8% retracement at 1.3862 and above.

Daily Pivots: (S1) 1.1548; (P) 1.1588; (R1) 1.1635; More…..

Intraday bias in EUR/USD remains on the upside at this point. Current rise from 1.0635 is still in progress for 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 next. On the downside, break of 1.1422 resistance turned support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, sustained trading above 1.1496 key resistance will argue that whole down trend from 1.2555 (2018 high) has completed at 1.0635. Rise from 1.0635 would then be seen as the third leg of the pattern from 1.0339. Further medium term rally would be seen to retest 1.2555. This will now be the favored case as long as 1.1168 support holds.

Daily Pivots: (S1) 1.1548; (P) 1.1588; (R1) 1.1635; More…..

EUR/USD’s rally resumed after brief retreat and intraday bias is back on the upside. Further rally would be seen to 100% projection of 1.0774 to 1.1422 from 1.1168 at 1.1816 next. On the downside, break of 1.1422 resistance turned support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, sustained trading above 1.1496 key resistance will argue that whole down trend from 1.2555 (2018 high) has completed at 1.0635. Rise from 1.0635 would then be seen as the third leg of the pattern from 1.0339. Further medium term rally would be seen to retest 1.2555. This will now be the favored case as long as 1.1168 support holds.