Daily Pivots: (S1) 1.1791; (P) 1.1810; (R1) 1.1834; More…..

Further rise is still expected in EUR/USD as long as 1.1732 minor support holds. Firm break of 1.2011 high will confirm resumption of rally from 1.0635 and target 61.8% projection of 1.0635 to 1.2011 from 1.1612 at 1.2462. On the downside, break of 1.1732 minor support will dampen this bullish view and turn focus back to 1.1612 support 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 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) 1.1779; (P) 1.1805; (R1) 1.1856; More…..

Intraday bias in EUR/USD remains on the upside for retesting 1.2011 high. Firm break there will confirm resumption of rally from 1.0635 and target 61.8% projection of 1.0635 to 1.2011 from 1.1612 at 1.2462. On the downside, break of 1.1732 minor support will dampen this bullish view and turn focus back to 1.1612 support 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 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’s rebound extended higher last week after some brief consolidations. The development further affirm the case that corrective pull back from 1.2011 has completed at 1.1612 already. Initial bias stays on the upside this week for retesting 1.2011 resistance first. Break will resume whole rally from 1.0635 and target 61.8% projection of 1.0635 to 1.2011 from 1.1612 at 1.2462. On the downside, break of 1.1732 minor support will dampen this bullish view and turn focus back to 1.1612 support 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 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 1.1650). 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) 1.1734; (P) 1.1758; (R1) 1.1783; More…..

EUR/USD’s rebound form 1.1612 resumes by taking out 1.1807 temporary top. Intraday bias is back on the upside for retesting 1.2011 high. Break there will resume larger rally from 1.0635. On the downside, break of 1.1732 minor support is needed to indicate completion of the rebound. Otherwise, outlook will stays mildly 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 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) 1.1734; (P) 1.1758; (R1) 1.1783; More…..

Intraday bias in EUR/USD remains neutral as consolidation continues below 1.1807 temporary top. Another rise is still in favor with 1.1695 support intact. Break of 1.1807 will resume the rebound from 1.1612 to retest 1.2011 high. On the downside, break of 1.1695 will likely resume the correction from 1.2011 to 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 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) 1.1732; (P) 1.1757; (R1) 1.1789; More…..

EUR/USD dips mildly today but stays above 1.1695 minor support, intraday bias remains neutral for the moment. Another rise is still in favor. Break of 1.1807 will resume the rebound from 1.1612 to retest 1.2011 high. On the downside, break of 1.1695 will likely resume the correction from 1.2011 to 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 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) 1.1732; (P) 1.1757; (R1) 1.1789; More…..

Intraday bias in EUR/USD remains neutral and further rise is in favor as long as 1.1695 minor support holds. Corrective pull back from 1.2011 should have completed at 1.1612. Break of 1.1807 will target a test on 1.2011 high. However, on the downside, below 1.1695 minor support will turn bias to the downside for 1.1612 support. Break will resume the correction from 1.2011 to 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 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) 1.1707; (P) 1.1758; (R1) 1.1783; More…..

Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 1.1695 minor support holds. Corrective pull back from 1.2011 should have completed at 1.1612. Break of 1.1807 will target a test on 1.2011 high. However, on the downside, below 1.1695 minor support will turn bias to the downside for 1.1612 support. Break will resume the correction from 1.2011 to 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 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) 1.1707; (P) 1.1758; (R1) 1.1783; More…..

Intraday bias in EUR/USD is turned neutral with 4 hour MACD crossed below signal line. Some consolidations could be seen but further rise is in favor as long as 1.1695 minor support holds. Corrective pull back from 1.2011 should have completed at 1.1612. Break of 1.1807 will target a test on 1.2011 high. However, on the downside, below 1.1695 minor support will turn bias to the downside for 1.1612 support. Break will resume the correction from 1.2011 to 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 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) 1.1729; (P) 1.1764; (R1) 1.1820; More…..

Intraday bias in EUR/USD stays on the upside as rebound from 1.1612 is in progress. Corrective pull back from 1.2011 should have completed and further rise would be seen to retest this high. On the downside, below 1.1695 minor support will turn bias to the downside for 1.1612 support. Break will resume the correction from 1.2011 to 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 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) 1.1729; (P) 1.1764; (R1) 1.1820; More…..

The pull back from 1.2011 should have completed with three waves down to 1.1612. Intraday bias EUR/USD is turned to the upside for retesting 1.2011 high. On the downside, below 1.1695 minor support will turn bias to the downside for 1.1612 support. Break will resume the correction from 1.2011 to 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 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) 1.1692; (P) 1.1721; (R1) 1.1746; More…..

Focus is back on 1.1769 resistance with today’s rise. Break there will resume the rebound form 1.1612. That would also indicate completion of corrective fall from 1.2011. Intraday bias will be turned back to the upside for retesting 1.2011 high. On the downside, break of 1.1612 will extend the fall from 1.2011. Intraday bias will be turned the downside for 38.2% retracement of 1.0635 to 1.2011 at 1.1485, to corrective the whole rise from 1.0635.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally 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) 1.1692; (P) 1.1721; (R1) 1.1746; More…..

Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.1612 will extend the fall from 1.2011. Intraday bias will be turned the downside for 38.2% retracement of 1.0635 to 1.2011 at 1.1485, to corrective the whole rise from 1.0635. Though, on the upside, break of 1.1769 will argue that the correction has completed. Intraday bias will be turned back to the upside for retesting 1.2011 high 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 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’s recovered to 1.1769 last week but struggled to sustain above 4 hour 55 EMA (now at 1.1721). Initial bias remains neutral this week first. On the downside, break of 1.1612 will extend the fall from 1.2011. Intraday bias will be turned the downside for 38.2% retracement of 1.0635 to 1.2011 at 1.1485, to corrective the whole rise from 1.0635. Though, on the upside, break of 1.1769 will argue that the correction have completed. Intraday bias will be turned back to the upside for retesting 1.2011 high 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 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 1.1650). 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) 1.1718; (P) 1.1744; (R1) 1.1771; More…..

Intraday bias in EUR/USD remains neutral first. On the upside, break of 1.1769 will argue that corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 1.2011. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485 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 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) 1.1718; (P) 1.1744; (R1) 1.1771; More…..

Intraday bias in EUR/USD remains neutral with focus on 1.1752 support turned resistance. Decisive break there will argue that corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 1.2011. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485 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 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) 1.1686; (P) 1.1721; (R1) 1.1756; More…..

Focus stays on 1.1752 support turned resistance as intraday bias in EUR/USD remains neutral for the moment. Decisive break there will argue that corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 1.2011. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485 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 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) 1.1686; (P) 1.1721; (R1) 1.1756; More…..

Intraday bias in EUR/USD remains neural with focus on 1.1752 support turned resistance. Decisive break there will argue that corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 1.2011. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485 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 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) 1.1687; (P) 1.1716; (R1) 1.1772; More…..

Intraday bias in EUR/USD remains neutral at this point. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485. However, firm break of 1.1752 will suggest that the corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 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 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) 1.1687; (P) 1.1716; (R1) 1.1772; More…..

EUR/USD breached 1.1752 resistance briefly but couldn’t sustain above there. Intraday bias stays neutral for the moment. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485. However, firm break of 1.1752 will suggest that the corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 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 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.