Daily Pivots: (S1) 1.2124; (P) 1.2173; (R1) 1.2207; More…

Intraday bias in EUR/USD remains neutral and outlook is unchanged. With 1.2244 minor resistance intact, another fall could still be seen as consolidation from 1.2348 extends. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063) to bring rebound. Meanwhile, on the upside, break of 1.2244 minor resistance will bring retest of 1.2348.

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.

Daily Pivots: (S1) 1.2160; (P) 1.2185; (R1) 1.2233; More…

Intraday bias in EUR/USD remains neutral first. With 1.2244 minor resistance intact, another fall could still be seen as consolidation from 1.2348 extends. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063) to bring rebound. Meanwhile, on the upside, break of 1.2244 minor resistance will bring retest of 1.2348.

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.

Daily Pivots: (S1) 1.2160; (P) 1.2185; (R1) 1.2233; More…

Intraday bias in EUR/USD is turned neutral with currency recovery. Another fall could still be seen with 1.2244 minor resistance intact, as consolidation from 1.2348 extends. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063) to bring rebound. Meanwhile, on the upside, break of 1.2244 minor resistance will bring retest of 1.2348.

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.

Daily Pivots: (S1) 1.2112; (P) 1.2171; (R1) 1.2210; More…

Intraday bias in EUR/USD stays on the downside at this point. Correction from 1.2348 is in progress for 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063). Strong support should be seen there to contain downside to bring rebound. On the upside, break of 1.2244 minor resistance will bring retest of 1.2348.

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.

Daily Pivots: (S1) 1.2112; (P) 1.2171; (R1) 1.2210; More…

Outlook in EUR/USD is unchanged. Intraday bias stays on the downside. Correction from 1.2348 is in progress for 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063). Strong support should be seen there to contain downside to bring rebound. On the upside, break of 1.2244 minor resistance will bring retest of 1.2348.

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.

Daily Pivots: (S1) 1.2182; (P) 1.2233; (R1) 1.2273; More…

EUR/USD’s correction from 1.2348 short term top is still in progress. Intraday bias remains on the downside for 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063). Strong support should be seen there to contain downside to bring rebound. On the upside, break of 1.2244 minor resistance will bring retest of 1.2348.

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.

Daily Pivots: (S1) 1.2182; (P) 1.2233; (R1) 1.2273; More…

Intraday bias in EUR/USD remains on the downside at this point. Corrective fall from 1.2348 short term top is in progress for 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063). Strong support should be seen there to contain downside to bring rebound. On the upside, break of 1.2284 minor resistance will bring retest of 1.2348.

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 rose further to 1.2348 last week as up trend continued. But the break of 1.2214 support argues that a short term top was formed, on bearish divergence condition in 4 hour MACD. Initial bias is mildly on the downside this week for pull back. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063) to bring rebound. On the upside, above 1.2348 will resume the up trend to 1.2555 key resistance.

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.

In the long term picture, the case of long term bullish reversal continues to build up, with bullish convergence condition in monthly MACD, sustained trading above 55 month EMA and long trend falling trend line. Focus is now on 1.2555 cluster resistance (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). Decisive break there will confirm and target 61.8% retracement at 1.3862 and above.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.