Thu, Jan 21, 2021 @ 18:39 GMT

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2229; (P) 1.2286; (R1) 1.2328; More

EUR/USD recovers after drawing support from 1.2214 minor support. But upside is limited well below 1.2348 temporary top. Intraday bias remains neutral first and further rise is still in favor. On the upside, break of 1.2348 will resume larger up trend for 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2214 will suggest short term topping. Intraday bias will be turned back to the downside, for pull back to 1.2058 support.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2229; (P) 1.2286; (R1) 1.2328; More

EUR/USD is staying in consolidation from 1.2348 and intraday bias remains neutral first. Further rise is still expected with 1.2214 support intact. On the upside, break of 1.2348 will resume larger up trend for 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2214 will suggest short term topping. Intraday bias will be turned back to the downside, for pull back to 1.2058 support.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2279; (P) 1.2314; (R1) 1.2362; More

Intraday bias in EUR/USD is turned neutral with today’s retreat. Some consolidations would be seen but further rise is expected with 1.2214 minor support intact. Break of 1.2348 would target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2214 will suggest short term topping. Intraday bias will be turned back to the downside, for pull back to 1.2058 support.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2279; (P) 1.2314; (R1) 1.2362; More

Intraday bias in EUR/USD remains on the upside and current rise should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. On the downside, below 1.2214 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2261; (P) 1.2283; (R1) 1.2319; More

Intraday bias in EUR/USD remains on the upside at this point. Current rise from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. On the downside, below 1.2214 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2261; (P) 1.2283; (R1) 1.2319; More

EUR/USD’s rally is still in progress and intraday bias remains on the upside. Current rise from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. On the downside, below 1.2214 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2208; (P) 1.2259; (R1) 1.2301; More

No change in EUR/USD’s outlook as further rise is expected with 1.2129 support intact. Current rally from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2129 support should confirm short term topping. Intraday bias will be turned back to the downside for deeper pull back.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2208; (P) 1.2259; (R1) 1.2301; More….

EUR/USD is losing upside momentum as seen in 4 hour MACD. But further rise is expected with 1.2129 support intact. Current rally from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2129 support should confirm short term topping. Intraday bias will be turned back to the downside for deeper pull back.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2025; (P) 1.2134; (R1) 1.2242; More….

EUR/USD draw support from 4 hour 55 EMA and rebounds notably today. Overall, with 1.2129 support intact, further rise is expected. Current rally from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2129 support should confirm short term topping. Intraday bias will be turned back to the downside for deeper pull back.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2025; (P) 1.2134; (R1) 1.2242; More….

As long as 1.2129 support holds, further rise is expected in EUR/USD. Current rally from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. Though, considering bearish divergence condition in 4 hour MACD, break of 1.2129 support should confirm short term topping. Intraday bias will be turned back to the downside for deeper pull back.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2214; (P) 1.2245; (R1) 1.2281; More….

EUR/USD’s break of 1.2272 resistance suggests up trend resumption. Intraday bias is back on the upside. Rise from 1.0635 should now target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. On the downside, break of 1.2129 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2180; (P) 1.2215; (R1) 1.2249; More….

EUR/USD is still staying below 1.2272 resistance and intraday bias remains neutral first. More consolidations could be seen. In case of another retreat, downside should be contained by 1.2058 support to bring rebound. On the upside, though, firm break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2180; (P) 1.2215; (R1) 1.2249; More….

Consolidation continues in EUR/USD and intraday bias remains neutral first. In case of another retreat, downside should be contained by 1.2058 support to bring rebound. On the upside, though, firm break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2137; (P) 1.2217; (R1) 1.2272; More….

Intraday bias in EUR/USD remains neutral as consolidation from 1.2272 is extending. In case of another retreat, downside should be contained by 1.2058 support to bring rebound. On the upside, though, firm break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2137; (P) 1.2217; (R1) 1.2272; More….

EUR/USD is staying in consolidation from 1.2272 and intraday bias stays neutral first. In case of another fall as the consolidation extends, downside should be contained by 1.2058 support to bring rebound. On the upside, though, firm break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2126; (P) 1.2191; (R1) 1.2231; More….

Intraday bias in EUR/USD remains neutral for the moment as consolidation from 1.2272 is extending. Considering bearish divergence condition in 4 hour MACD, break of 1.2058 will confirm short term topping. Intraday bias will be turned to the downside for deeper pull back to 55 day EMA (now at 1.1956). On the upside, though, firm break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2159; (P) 1.2206; (R1) 1.2282; More….

EUR/USD is staying in consolidation from 1.2272 and intraday bias remains neutral. On the upside, break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. However, considering bearish divergence condition in 4 hour MACD, break of 1.2058 will bring deeper correction instead.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2159; (P) 1.2206; (R1) 1.2282; More….

Intraday bias in EUR/USD remains neutral for consolidation below 1.2272. On the upside, break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. However, considering bearish divergence condition in 4 hour MACD, break of 1.2058 will bring deeper correction instead.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2229; (P) 1.2251; (R1) 1.2275; More….

Intraday bias in EUR/USD remains neutral at this point. Some consolidations could be seen below 1.2272 temporary top, but further rise should be seen as long as 1.2058 support holds. On the upside, break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next..

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2229; (P) 1.2251; (R1) 1.2275; More….

Intraday bias in EUR/USD is turned neutral with today’s retreat. Some consolidations could be seen but further rise should be seen as long as 1.2058 support holds. On the upside, break of 1.2272 will resume larger rally to 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could 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 1.1602 support holds. We’d be alerted to topping sign around 1.2516/55. But sustained break there will carry long term bullish implications.