EUR/USD’s decline extended to as low as 1.0487 last week before recovering mildly. Initial bias remains neutral this week for some more consolidations. While stronger rebound cannot be ruled out, near term outlook will stay bearish as long as 1.0764 support turned resistance holds. Break of 1.0487 will resume the fall from 1.1274 to 1.0199
EURUSD Outlook
Daily Pivots: (S1) 1.0512; (P) 1.0545; (R1) 1.0600; More… Intraday bias in EUR/USD remains neutral for the moment. Recovery from 1.0487 could extend higher. But risk will stay on the downside as long as 1.0764 support turned resistance holds. Break of 1.0487 will resume the fall from 1.1274 to 1.0199 fibonacci level. In the bigger
Daily Pivots: (S1) 1.0468; (P) 1.0523; (R1) 1.0558; More… A temporary low is formed at 1.0487 in EUR/USD and intraday bias is turned neutral first. Some consolidations would be seen and stronger recovery cannot be ruled out. But risk will stay on the downside as long as 1.0764 support turned resistance holds. Break of 1.0487
Daily Pivots: (S1) 1.0468; (P) 1.0523; (R1) 1.0558; More… Intraday bias in EUR/USD stays on the downside at this point, as fall from 1.1274 is in progress. Break of the near term falling channel indicates downside acceleration. Next target is 1.0199 fibonacci level. On the upside, above 1.0573 minor resistance will turn intraday bias neutral
Daily Pivots: (S1) 1.0553; (P) 1.0581; (R1) 1.0600; More… Intraday bias in EUR/USD remains on the downside for the moment. Current fall from 1.1274 is in progress for 1.0515 support. Firm break there will pave the way to next fibonacci level at 1.0199. On the upside, above 1.0615 minor resistance will turn intraday bias neutral
Daily Pivots: (S1) 1.0553; (P) 1.0581; (R1) 1.0600; More… EUR/USD’s fall from 1.1274 is still in progress and intraday bias remains on the downside. Next target is 1.0515 support. On the upside, above 1.0672 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will stay bearish as long as 1.0764 support turned
Daily Pivots: (S1) 1.0616; (P) 1.0644; (R1) 1.0673; More… Intraday bias in EUR/USD remains on the downside at this point. Sustained trading below 1.0609/34 cluster support will carry larger bearish implication, and target 1.0515 support next. On the upside, above 1.0672 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will stay