Sample Category Title

Pivot (invalidation): 5.8750

Our preference Short positions below 5.8750 with targets at 5.8190 & 5.8000 in extension.

Alternative scenario Above 5.8750 look for further upside with 5.9200 & 5.9600 as targets.

Comment The upward potential is likely to be limited by the resistance at 5.8750.

Pivot (invalidation): 0.6925

Our preference Long positions above 0.6925 with targets at 0.6970 & 0.7000 in extension.

Alternative scenario Below 0.6925 look for further downside with 0.6900 & 0.6880 as targets.

Comment The RSI calls for a new upleg.

Pivot (invalidation): 1.3525

Our preference Short positions below 1.3525 with targets at 1.3480 & 1.3455 in extension.

Alternative scenario Above 1.3525 look for further upside with 1.3545 & 1.3565 as targets.

Comment A break below 1.3480 would trigger a drop towards 1.3455.

Pivot (invalidation): 1.0000

Our preference Short positions below 1.0000 with targets at 0.9965 & 0.9940 in extension.

Alternative scenario Above 1.0000 look for further upside with 1.0020 & 1.0040 as targets.

Comment The RSI has broken down its 30 level.

Pivot (invalidation): 2768.25

Our preference Short positions below 2768.25 with targets at 2735.75 & 2723.50 in extension.

Alternative scenario Above 2768.25 look for further upside with 2781.65 & 2801.00 as targets.

Comment The RSI advocates for further downside.

Pivot (invalidation): 11800.00

Our preference Short positions below 11800.00 with targets at 11590.00 & 11520.00 in extension.

Alternative scenario Above 11800.00 look for further upside with 11860.00 & 11920.00 as targets.

Comment The RSI is bearish and calls for further decline.

Pivot (invalidation): 54.00

Our preference Short positions below 54.00 with targets at 52.10 & 51.60 in extension.

Alternative scenario Above 54.00 look for further upside with 54.70 & 55.60 as targets.

Comment The RSI is bearish and calls for further decline.

Pivot (invalidation): 14.5500

Our preference Long positions above 14.5500 with targets at 14.7300 & 14.8100 in extension.

Alternative scenario Below 14.5500 look for further downside with 14.4700 & 14.4200 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 1303.00

Our preference Long positions above 1303.00 with targets at 1318.00 & 1324.50 in extension.

Alternative scenario Below 1303.00 look for further downside with 1299.00 & 1295.50 as targets.

Comment The RSI advocates for further advance.

Daily Pivots: (S1) 1.1136; (P) 1.1136; (R1) 1.1191; More.....

Intraday bias in EUR/USD remains neutral as consolidation from 1.1111 is still in progress. In case of another rise, upside should be should be limited by 1.1263 resistance to bring down trend resumption. On the downside, firm break of 1.1107 will target 100% projection of 1.1448 to 1.1183 from 1.1324 at 1.1059. However, sustained break of 1.1263 resistance will now be an early sign of trend reversal and turn bias to the upside for 1.1448 key resistance.

In the bigger picture, down trend from 1.2555 (2018 high) is still in progress. Such decline would target 78.6% retracement of 1.0339 (2016 low) to 1.2555 (2018 high) at 1.0813 next. Sustained break there will pave the way to retest 1.0339. On the upside, break of 1.1448 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.