Daily Pivots: (S1) 1.0912; (P) 1.1031; (R1) 1.1096; More… EUR/USD recovered after dipping to 1.0942 but further decline is still in favor as long as 1.1148 resistance holds. Sustained trading below 1.1011 resistance turned support will argue that larger correction is underway. Deeper fall would then be seen to 1.0832 support and below. For now
EURUSD Outlook
Daily Pivots: (S1) 1.0912; (P) 1.1031; (R1) 1.1096; More… EUR/USD’s fall from 1.1274 continues today and intraday bias remains on the downside. Sustained trading below 1.1011 resistance turned support will argue that larger correction is underway. Deeper fall would then be seen to 1.0832 support and below. For now, risk will stay mildly on the
Daily Pivots: (S1) 1.1171; (P) 1.1206; (R1) 1.1237; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, firm break of 1.1173 minor support will confirm rejection by 1.1273 fibonacci level. Intraday bias will be back on the downside for deeper pull back to 55 4H EMA (now at 1.1141) and below.
Daily Pivots: (S1) 1.1171; (P) 1.1206; (R1) 1.1237; More… EUR/USD dipped to 1.1173 but quickly recovered. Intraday bias remains neutral at this point. On the downside, break of 1.1173 minor support will indicate rejection by 1.1273 fibonacci level. Intraday bias will be back on the downside for deeper pull back to 55 4H EMA (now
Daily Pivots: (S1) 1.1199; (P) 1.1238; (R1) 1.1266; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.1202 minor support will indicate rejection by 1.1273 fibonacci level. Intraday bias will be back on the downside for deeper pull back to 55 4H EMA (now at 1.1129) and possibly below.
Daily Pivots: (S1) 1.1199; (P) 1.1238; (R1) 1.1266; More… Intraday bias in EUR/USD is turned neutral again first. On the downside, break of 1.1202 minor support will indicate rejection by 1.1273 fibonacci level. Intraday bias will be back on the downside for deeper pull back to 55 4H EMA (now at 1.1119) and possibly below.
Daily Pivots: (S1) 1.1211; (P) 1.1230; (R1) 1.1257; More… Immediate focus is now on 1.1273 fibonacci level in EUR/USD. As upside momentum is diminishing as seen in 4H MACD, upside could be limited by 1.1273. Break of 1.1202 minor support will indicate short term topping, and turn bias back to the downside for deeper pull