Every day Pivots: (S1) 1.0737; (P) 1.0761; (R1) 1.0797; Extra… EUR/USD is extending the consolidation from 1.0693 and intraday bias stays impartial. Outlook will stay bearish so long as 1.0804 resistance holds. Beneath 1.0694 will resume the autumn from 1.1138 to retest 1.0447 assist. However, contemplating bullish convergence situation in 4H MACD, above 1.0804 will flip bias to the upside for stronger rebound. Within the greater image, worth actions from 1.1274 are considered as a corrective sample to rise from 0.9534 (2022 low). Rise from 1.0447 is seen because the second leg. Whereas additional rally might can’t be dominated out, upside must be restricted by 1.1274 to convey the third leg of the sample. In the meantime, sustained break of 1.0722 assist will argue that the third leg has already began for 1.0447 and presumably under. Featured Evaluation
