Daily Pivots: (S1) 1.0784; (P) 1.0826; (R1) 1.0850; More… Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0694 should have completed at 1.0980. Deeper fall would be seen to retest this low first. Break there will resume the decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from
EURUSD Outlook
EUR/USD’s fall from 1.0980 continued last week and the strong break of 55 D EMA suggest that rebound from 1.0694 has completed. Initial bias stays on the downside for retesting 1.0694 first. Break there will resume the decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside
Daily Pivots: (S1) 1.0830; (P) 1.0886; (R1) 1.0917; More… Intraday bias in EUR/USD remains on the downside at this point. Current development argues that corrective recovery from 1.0694 has completed at 1.0980 already. Deeper fall is expected to retest 1.0694 next. For now, risk will stay on the downside as long as 1.0941 resistance holds
Daily Pivots: (S1) 1.0830; (P) 1.0886; (R1) 1.0917; More… Intraday bias in EUR/USD is back on the downside with current steep fall and break of 1.0834 support. Sustained trading below 55 D EMA (now at 1.0861) will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will stay
Daily Pivots: (S1) 1.0864; (P) 1.0894; (R1) 1.0951; More… Intraday bias in EUR/USD stays mildly on the downside at this point. Pull back from 1.0980 has possibly completed at 1.0834, after drawing support from 55 D EMA. Firm break of 1.0980 resistance will resume the rise from 1.0694. On the downside, sustained trading below 55
Daily Pivots: (S1) 1.0864; (P) 1.0894; (R1) 1.0951; More… EUR/USD’s strong rebound and break of 1.0905 resistance suggests that pull back from 1.0980 has completed at 1.0834, after drawing support from 55 D EMA. Intraday bias is back on the upside for retesting 1.0980 first. Firm break there will resume whole rise from 1.0694. On
Daily Pivots: (S1) 1.0842; (P) 1.0859; (R1) 1.0884; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0834 temporary low. Further decline is in favor as long as 1.0905 resistance holds. On the downside, sustained trading below 55 D EMA (now at 1.0856) will argue that rebound from 1.0694 has completed and bring retest