The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
The recent sell-off filled my target at 1.3360 and my outlook is already positive, for a break through 1.3420 major resistance, towards 1.3568 and 1.3860. Initial resistance is projected at 1.3420 and minor support is yesterday's low at 1.3320, followed by 1.3230.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
Yesterday's test of 1.3420 resistance failed and the bias remains negative for a test of the previous low at 1.3145. Initial resistance is projected at 1.3350 and crucial is 1.3420.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
With the recent gap from 1.3230 the outlook is positive, towards a tight test of 1.3420 resistance. A break beyond the latter will confirm, that a bottom is in place and will target 1.3568, en route to 1.3860.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
Yesterday's test of 1.3420 resistance area failed and with the break below 1.3312 the bullish momentum has been completely lost. Current intraday outlook is negative while trading takes place below 1.3307 minor resistance, but I am tempted to expect a reversal above 1.3211 for a break through 1.3359 crucial area. A break beyond the latter will confirm an uptrend towards 1.3567 target area.
The pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.
As expected, the pair broke through 1.5580 intraday resistance and we witnessed a massive rally, all the way up to 1.5780. Current slide from 1.5780 is by all means a corrective one and with the reliable support at 1.5638 the outlook remains bullish for 1.5880 major resistance.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
Obviously a consolidation pattern is underway below 1.3532 local top and the overall outlook remains bullish for 1.3670 target area. Important support on the downside continues to be 1.3420 area.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
With the break below 1.3420 support the bullish momentum has been lost and currently the pair struggles below 1.3450 intraday resistance. I do favor a break on the upside, for a rise towards 1.3570, en route to 1.3760.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
I continue to think, that the rebound above 1.3211 is still on the run and one more upswing is to be expected, for a test of 1.3670-3750 area. Intraday expect a break above 1.3410 to trigger a rally towards 1.3548.
The pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.
Obviously the falling channel from 1.5780 is still on the run and one more spike low can be expected before a break through 1.5716 key level, for a rise towards 1.5880.
The pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.
I think, that the corrective phase below 1.5780 is already over and the outlook is positive for a rise through 1.5720 resistance area, towards 1.5780 and 1.5880. Reliable support is projected at 1.5662 and crucial on the downside is 1.5591.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
I still think, that the slide below 1.3548 is corrective in nature and my outlook is bullish, for a break through 1.3375 intraday resistance, towards 1.3459 crucial area, en route to 1.3670 main target.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
The downtrend from 1.3548 broke through 1.3211 low and currently a minor corrective pattern is underway above 1.3145, before next leg downwards, to 1.30+ sentiment area. Next target below 1.3000 lies at 1.2880. Crucial resistance is projected at 1.3280-90 zone and while this area remains intact, the bias will be extremely negative.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated below the 50 and 200 daily SMAs, currently projected at 1.3584 and 1.4062.
Yesterday's break below 1.3145 low resulted in a slide to 1.30+ sentiment area and current rebound above 1.3006 is to be considered corrective in nature, preceding next leg downwards, to 1.2880 main target. Initial resistance is projected at 1.3099, followed by 1.3145.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated below the 50 and 200 daily SMAs, currently projected at 1.3584 and 1.4062.
Current rebound above 1.3945 low signals, that the downtrend from 1.3435 is complete and the intraday bias is positive for a break through 1.3049, en route to 1.3130-50 major resistance area. The overall outlook on the senior frames remains negative while trading takes place below 1.3150 and next target on the downside is 1.2570.
The currency pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.
Yesterday's minor downtrend was reversed above 1.5455 support and currently the pair is heading towards 1.5630 target area. Later today expect a sharp reversal for a sell-off towards 1.5330 lows. Minor intraday support is projected at 1.5550.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated below the 50 and 200 daily SMAs, currently projected at 1.3584 and 1.4062.
Although there was a spike-high to 1.3199, my outlook remains negative, for a sell-off through 1.3060 and 1.2980, towards new lows around 1.2570. Intraday resistance is projected at 1.3199, followed by 1.3275.
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated below the 50 and 200 daily SMAs, currently projected at 1.3584 and 1.4062.
Yesterday's impulse from 1.3199 marked a temporary low at 1.3023 and the pair is consolidating above that level. I expect 1.3127 to cap the upside for ext leg downwards, below 1.2980, towards 1.2570.
The currency pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.
As expected, the pair broke through 1.5550 main support and currently is in a minor consolidation above 1.5410 low. My outlook remains negative, for a slide through 1.5410, towards 1.5320 target area. Major resistance on the upside is 1.5550.
Yesterday's sell-off broke through 1.5360 support area and is currently testing 1.5270 low. The outlook is undoubtedly bearish for a break through 1.5270, en route to 1.50+ sentiment zone. Initial resistance is projected at 1.5360 and a violation of that area will switch the bias to neutral, but only a break above 1.5490 will confirm an unsuccessful test of 1.5270 support.
The outlook on the senior frames remains bearish within the downtrend from 1.4250 with an initial resistance at 1.2860-80 and crucial level at 1.3080. The intraday bias is positive above 1.2810 minor support, but I expect a break below the latter to clear the way for a slide through 1.2665 low, en route to 1.2430.
