The downtrend from 1.3284 has bottomed at 1.3096, but I don't think, that the bearish pressure is completely lost, so expect an intraday swing below 1.3205 resistance area, followed by another sell-off towards 1.30+ support area.
I think, that the whole slide from 1.6303 high is a corrective pattern, so my outlook is bullish, for a break through 1.6202, en route to 1.6303 and 1.6450. Initial minor support is 1.6130, followed by the major one 1.6075 and key resistance can be spotted at 1.6165, currently guarding the negative bias on the 1h. frame.
The failure of the recent test at 80.07 signals, that the overall bearish pressure is still intact and I expect a break through 79.63 low to provoke a slide towards 78.30-50 area. Key intraday resistance is projected at 80.07, followed by the upper boundary of the current range at 80.60.
My outlook remains unchanged and I think, that the rebound above 1.2954 is corrective, preceding next slide towards 1.2860. The intraday bias is positive for one final upswing to 1.3047-60.
The bearish pressure is still intact and the focus is set at 1.2865 target area. Current rebound above 1.2911 should be considered corrective and initial intraday resistance is projected at 1.2970.
Yesterday's rise to 1.6183 failed to challenge 1.6200 major resistance and now there is a clear corrective pattern above 1.6070 on the 30 min. charts, and my outlook is negative, for a break through 1.6092, towards 1.6025. Initial minor resistance is projected at 1.6125 and crucial on the upside is 1.6150 area.
Although the overall bias continues to be negative, there is a minor reversal at 1.2814 and the intraday outlook is positive above 1.2837 for the key resistance at 1.2910. My outlook is countertrend, for a break through 1.2910, en route to 1.3060-3100.
The bias here is absolutely negative after the recent break below 1.6050 and initial major support is projected around 1.5830. My outlook is negative, for a continuation of the current slide towards 1.5830 with a minor intraday resistance at 1.5980 and a major one at 1.6050.
The minor rebound above 1.2680 forms a consolidation pattern, preceding next leg downwards, for a tight test of 1.2624 low. Initial intraday resistance is projected at 1.2758 and major hurdle on the upside is the static one at 1.2815. My outlook is negative, for a slide towards 1.2630.
Yesterday's break below 80.15 static support switched the bias to bearish and I expect a minor consolidation pattern below 79.65 intraday resistance before another leg downwards, to 78.60.
The low at 1.5731 has been confirmed as a final of the whole downtrend from 1.6303 and current intraday outlook is positive, for a tight test of 1.5890 resistance. A reversal below the mentioned level will provoke a minor consolidation pattern before next leg upwards, to 1.5980. Minor intraday resistance is 1.5838 and support can be spotted at 1.5790.
The pair is still in a process of testing 1.2815 resistance zone and although one more intraday slide to 1.2750 is to be expected, my outlook is bullish, for a break and rise towards 1.2910 major resistance.
Yesterday's break below 1.2740 signals, that a top is in place at 1.2815 and the consolidation pattern above 1.2641 is already over. My outlook is negative, for a break through 1.2641, towards 1.2536, en route to 1.2412 main target. Initial intraday resistance is projected at 1.2740.
The outlook here remains absolutely bearish after yesterday's break below 1.5730 support and my outlook is negative, for a sell-off towards 1.5501. Initial intraday resistance is projected at 1.5720 area.
Current rebound above 1.2498 should be considered corrective in nature and I expect 1.2625-40 resistance area to remain intact, providing a bearish pressure for the next slide towards 1.2330. Minor intraday support is projected at 1.2550.
The consolidation pattern above 1.2498 is still on the run and currently its third, final part is underway, heading for one more test of 1.2625-40 major resistance. My outlook remains bearish below 1.2640, for a sell-off towards 1.2330.
Although the pair is still in a ranging mode above 79.20, I expect a downtrend to emerge, through 79.20 low, towards 78.60 reversal area. Initial intraday resistance is projected at 79.40.
Current low at 1.2357 is a good reversal point for a larger consolidation pattern below 1.2510 resistance, before deeper drowning towards 1.2150. The intraday outlook is positive above 1.2380 support and I expect a rise towards 1.2460, en route to 1.2510 major resistance.
The bias here continues to be extremely negative and current rebound above 1.5359 is only a minor corrective pattern, preceding next leg downwards, to 1.5230 major support. Initial intraday resistance is projected at 1.5401, followed by the crucial 1.5462.
Friday's low at 1.2285 set the beginning of a larger consolidation phase, which will aim to correct the whole slide from 1.3284. The intraday outlook is positive above 1.2360 support, for a break through 1.2510, en route to 1.2630 resistance area.
