The intraday bias is positive, as the pair is heading for a test of 1.3305 resistance area. A break through the latter will set the focus on 1.3430 high. Crucial on the downside from an intraday point of view is 1.3180 low.
Yesterday's test of 1.3300 resistance area has failed and an impulsive sell-off followed the intraday peak at 1.3320. The downtrend from 1.3710 on the senior frames remains intact with a crucial level at 1.3320 and the intraday bias is positive for a test of 1.3160 resistance area.
Yesterday's rise from 91.12 managed to test 92.80 resistance area and with the current peak at 92.71 my outlook is already bearish, for a slide towards 90.86. Initial minor support is projected at 91.95.
The bias here is negative after the recent test st 1.3160 resistance and my outlook is bearish, for a slide towards 1.3000, en route to 1.2950. Crucial on the upside is 1.3160 resistance area.
Last week's unsuccessful test of 1.3160 marks the end of the consolidation pattern above 1.3017 low and the downtrend has been renewed, targeting 1.2880 support zone. Initial resistance is projected at 1.3055 and crucial on the upside on the intraday frames is 1.3100.
I still believe, that the rebound above 1.2966 low is a corrective one, so expect a break through 1.3010 to signal a sell-off towards 1.2880 major support. Crucial on the upside remains 1.3160 static resistance.
Yesterday's break through 1.5080 support signaled, that the downtrend has been renewed and current outlook is negative, for a slide towards 1.4880 area. Initial resistance is projected at 1.5015 and crucial on the upside is 1.5197 high.
Yesterday's break through 1.3075 signals, that a "double bottom" formation is in place at 1.2960 and my outlook here is bullish, for a rise towards 1.3165. A clear break above the mentioned resistance will set the focus at the next important area around 1.3320. Initial intraday support is projected at 1.3075 and crucial on the downside is 1.3040.
The break below 1.3080 support signaled, that a top is in place at 1.3133 and my outlook here is negative, for a slide towards 1.2880. Initial resistance is projected at 1.3050-70 and crucial on the upside is 1.3133.
Still in a corrective mode within the minor rebound above 1.4866 and my outlook remains bearish, for a slide towards 1.4780. Initial major resistance is projected at 1.4980.
Still in the corrective pattern above 1.2953 low, but while the resistance area around 1.3070-80 holds, my outlook will remain bearish, for a slide towards 1.2880. Minor intraday support is projected at 1.2990 and I expect a break through that level to initiate a sell-off towards the mentioned area.
Although yesterday's test at 1.4910 support area failed, the bias here remains bearish below 1.4980 resistance and I favor a downmove towards 1.4780. Initial resistance is projected at 1.4980 and crucial on the upside is 1.5080.
Yesterday's break above 1.4980 resistance signaled, that a bottom is in place at 1.4830 and the outlook here is positive above 1.5080 intraday support, for a rise through 1.5200, en route to 1.5330. Crucial support on the downside is 1.4980.
A reversal has been confirmed at 94.16 low and current intraday outlook is positive, for a test of 95.50 resistance area. A break through the mentioned zone will set the focus on 96.70 high.
Still in a process of testing 1.5070 support area and the outlook remains bullish, for a rise towards 1.5330 zone. An eventual break below 1.5070 will set the focus on the key crucial level around 1.4980, but while the mentioned area holds, the uptrend from 1.4830 will remain intact, targeting 1.5330.
Today's break through 1.2881 low signals, that the downtrend has been renewed, targeting 1.2700 area. Initial intraday resistance is projected at 1.2920 and crucial on the upside is 1.2997 high.
Yesterday's reversal at 1.5024 shows, that the positive bias here is still intact and my outlook is bullish, for a rise through 1.5180, en route to 1.5330. Key support on the downside remains projected at 1.4980.
Yesterday's slide from 96.10 high broke through 95.17 dynamic support and the outlook here remains bearish, for another wave downwards, to 93.65. Initial intraday resistance is projected at 95.10.
The upmove from 1.2887 is still intact with a crucial level at 1.2950 and I favor a break below the latter to unleash a slide towards 1.2843 low. Intraday resistance is projected at 1.3050, followed by the major hurdle at 1.3106.
