Daily Pivots: (S1) 1.1739; (P) 1.1786; (R1) 1.1826; More…..

EUR/USD’s break of 1.1791 minor support dampens the bullish case. Instead, it suggests that consolidation pattern from 1.2011 high might be resuming. Intraday bias is mildly on the downside for 1.1602 support. Nevertheless, break of 1.1920 will resume the rise from1 .1602 for resting 1.2011 high.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1784; (P) 1.1813; (R1) 1.1847; More…..

Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rise still mildly in favor as long as 1.1791 minor support holds. Above 1.1920 will target a test on 1.2011 high first. Break will resume whole rally from 1.0635. However, break of 1.1791 will turn bias back to the downside, to extend the corrective pattern from 1.2011.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1765; (P) 1.1843; (R1) 1.1889; More…..

Intraday bias in EUR/USD remains neutral first. Further rise still mildly in favor as long as 1.17971 minor support holds. Above 1.1920 will target a test on 1.2011 high first. Break will resume whole rally from 1.0635. However, break of 1.1791 will turn bias back to the downside, to extend the corrective pattern from 1.2011.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1765; (P) 1.1843; (R1) 1.1889; More…..

Intraday bias in EUR/USD is turned neutral with current retreat. But further rise is still mildly in favor as long as 1.17971 minor support holds. Above 1.1920 will target a test on 1.2011 high first. Break will resume whole rally from 1.0635. However, break of 1.1791 will turn bias back to the downside, to extend the corrective pattern from 1.2011.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1817; (P) 1.1854; (R1) 1.1912; More…..

Intraday bias in EUR/USD remains on the upside for the moment. Current development suggest that consolidation pattern from 1.2011 has completed at 1.1602. Further rally would be seen to retest 1.2011 first. Break will resume whole rally from 1.0635. On the downside, however, break of 1.1791 minor support will mix up the outlook and turn intraday bias neutral first.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1817; (P) 1.1854; (R1) 1.1912; More…..

Intraday bias in EUR/USD remains on the upside at this point. Current development suggest that consolidation pattern from 1.2011 has completed at 1.1602. Further rally would be seen to retest 1.2011 first. Break will resume whole rally from 1.0635. On the downside, however, break of 1.1791 minor support will mix up the outlook and turn intraday bias neutral first.

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 1.1422 resistance turned support holds.

EUR/USD’s break of 1.1880 resistance last week argues that consolidation pattern from 1.2011 has completed at 1.1602. Initial bias stays on the upside this week for retesting 1.2011 first. Break will resume whole rally from 1.0635. On the downside, however, break of 1.1791 minor support will mix up the outlook and turn intraday bias neutral first.

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 1.1422 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 1.1576). 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) 1.1741; (P) 1.1800; (R1) 1.1890; More…..

EUR/USD’s rally continues today and hits as high as 1.1890 so far. Break of 1.1880 resistance adds to the bullish case that consolidation from 1.2011 has completed at 1.1602. Intraday bias remains on the upside for 1.2011 and break will resume larger rally from 1.0635. On the downside, though, below 1.1791 minor support will mix up the outlook and turn intraday bias neutral first.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1741; (P) 1.1800; (R1) 1.1890; More…..

Intraday bias in EUR/USD stays on the upside for 1.1880 resistance. Consolidation pattern from 1.2011 might have completed at 1.1602 already. Firm break of 1.1880 will add to this bullish case and target 1.2011 high next. On the downside, though, break of 1.1710 minor support will mix up the outlook and turn bias neutral first.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1629; (P) 1.1699; (R1) 1.1796; More…..

EUR/USD’s strong break of 1.1771 resistance argues that consolidation pattern from 1.2011 might have completed at 1.1602 already. Intraday bias is back on the upside for 1.1880 resistance first. Firm break there will add to this bullish case and target 1.2011 high next. On the downside, though, break of 1.1710 minor support will mix up the outlook and turn bias neutral first.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1629; (P) 1.1699; (R1) 1.1796; More…..

Intraday bias is EUR/USD is turned neutral with current recovery. Another fall will remain mildly in favor with 1.1771 resistance intact. Break of 1.1602 will resume the corrective decline from 1.2011. Next target is 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, however, break of 1.1771 will be the first sign that correction from 1.2011 has completed. Intraday bias will be turned back to the upside for 1.1880 for confirmation.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1658; (P) 1.1699; (R1) 1.1761; More…..

At this point, further fall remains in favor in EUR/USD with 1.1771 resistance intact. The corrective decline from 1.2011 would target 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, however, break of 1.1771 resistance will now be the first sign that correction from 1.2011 has completed. Intraday bias will be turned back to the upside for 1.1880 for confirmation.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1658; (P) 1.1699; (R1) 1.1761; More…..

EUR/USD rebounded strongly to 1.1771, but was kept well below 1.1880 resistance. Breach of 1.1622 suggests that fall from 1.2011 is resuming. Intraday bias is back on the downside for 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, however, break of 1.1771 resistance will now be the first sign that correction from 1.2011 has completed. Intraday bias will be turned back to the upside for 1.1880 for confirmation.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1622; (P) 1.1639; (R1) 1.1656; More…..

EUR/USD rebounds notably today but stays well below 1.1880 resistance. Intraday bias remains neutral first. Further fall remains in favor. On the downside, firm break of 1.1612 support will resume the corrective decline from 1.2011, for 38.2% retracement of 1.0635 to 1.2011 at 1.1485. However, firm break of 1.1880 will turn bias back to the upside for 1.2011 resistance 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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1622; (P) 1.1639; (R1) 1.1656; More…..

EUR/USD lost downside momentum ahead of 1.1612 support and recovered. Intraday bias is turned neutral for some consolidations. But risk will stay on the downside as long as 1.1880 resistance holds. Break of 1.1612 will resume the corrective decline from 1.2011, for 38.2% retracement of 1.0635 to 1.2011 at 1.1485.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1623; (P) 1.1664; (R1) 1.1687; More…..

Intraday bias in EUR/USD remains on the downside for 1.1612 support. Break there will confirm resumption of the corrective decline from 1.2011. Further fall should be seen to 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, above 1.1704 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1880 resistance holds, in case of recovery.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1623; (P) 1.1664; (R1) 1.1687; More…..

EUR/USD’s declines continues today and intraday bias stays on the downside for 1.1612 support. Break there will confirm resumption of the corrective decline from 1.2011. Further fall should be seen to 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, above 1.1704 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.1880 resistance holds, in case of recovery.

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 1.1422 resistance turned support holds.

EUR/USD’s break of 1.1688 support last week suggests that recovery from 1.1612 has completed at 1.1880. More importantly, corrective fall from 1.2011 is likely resuming. Initial bias stays on the downside this week for 1.1612 support first. Break will confirm this case and target 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, above 1.1758 minor resistance will mix up the near term outlook and turn intraday bias neutral first.

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 1.1422 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 1.1638). 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) 1.1628; (P) 1.1694; (R1) 1.1737; More…..

Intraday bias in EUR/USD remains on the downside for 1.1612. Break there will resume whole corrective fall form 1.2011. Next target is 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, above 1.1758 minor resistance will mix up the near term outlook and turn intraday bias neutral first.

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 1.1422 resistance turned support holds.

Daily Pivots: (S1) 1.1628; (P) 1.1694; (R1) 1.1737; More…..

EUR/USD’s break of 1.1688 support suggests that recovery from 1.1612 has completed at 1.1880. Corrective fall from 1.2011 is likely resuming. Intraday bias is back on the upside for for 1.1612 support first. break will confirm and target 38.2% retracement of 1.0635 to 1.2011 at 1.1485. On the upside, above 1.1758 minor resistance will mix up the near term outlook and turn intraday bias neutral first.

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 1.1422 resistance turned support holds.