The upswing from 99.05 managed to break through 99.60 resistance, peaking later at 100.47. I think, that it was the final leg of the corrective rebound above 98.20 and I favor a break through 99.60 support to trigger a sell-off through 99.05, en route to 98.20.
The intraday bias remains positive after yesterday's unsuccessful test of 1.3050 support area, currently targeting a break through 1.3205, en route to 1.3260 area. Initial support is projected at 1.3095 and crucial on the downside is 1.3050.
Yesterday's rise failed to reach previous high at 1.3205 and the pair is currently caught in a tight range between 1.3090 and 1.3173. I favor a break on the downside, through 1.3090 and 1.3000 major hurdle, en route to 1.2946 and later on towards 1.2750 lows.
The slide from 1.3172 bottomed at 1.3065 and the positive bias has been renewed, targeting 1.3260 resistance area. Initial intraday support is projected at 1.3115 and crucial is 1.3065.
The uptrend here is absolutely intact, heading for a test of 1.5530 resistance area. Initial intraday support is projected at 1.5348, followed by the crucial static zone at 1.5300.
I think, that the consolidation pattern above 99.10 is already over with yesterday's triple test of 100.43 and my outlook here is bearish, for a break through the dynamic support around 99.70, en route to 98.88 and 98.20 low.
Yesterday's precise test of 1.3160 support marks the final of the consolidation pattern below 1.3255 and the uptrend is renewed, towards 1.3410 resistance area. Initial intraday support is projected at 1.3255 and crucial on the senior frames is 1.3160 low.
The downtrend from 100.42 has been reversed at 97.60 low and current rebound is heading for a test of 98.90 resistance area, before another dip towards 96.80. Initial minor intraday support is projected at 98.15.
Yesterday's, third test of 1.3300 resistance area failed and my outlook here is already negative, for a slide towards 1.3163 crucial support, en route to 1.2946. Key resistance remains projected at 1.3300.
The downtrend here continues to be strong and vital, and current rebound above 1.5123 should be considered corrective, preceding next slide towards 1.4990. Key resistance area is projected around the break-out level at 1.5260.
After a minor consolidation above 98.40, the uptrend has accelerated, currently targeting 99.90 dynamic resistance. Initial support is projected at 99.50 and crucial on the downside is 99.25.
The impulsive rise from 1.3186 signals, that a bottom is in place and the bias is bullish, for a rise through 1.3344, en route to 1.3410 resistance area. Initial support is projected at 1.3265, followed by the crucial area at 1.3227.
The uptrend here is intact, heading towards 1.5432, en route to 1.5530. Initial intraday support is projected at 1.5310-20 and crucial on the downside is 1.5250.
The intraday bias is negative after yesterday's reversal at 1.5390, as the pair is heading for another test of 1.5250 major support. The outlook on the senior frames remains positive above 1.5250, for a rise towards 1.5432, en route to 1.5530.
The minor corrective pattern above 96.77 collapsed at 97.34 and the downtrend was renewed, heading towards 95.75 support area. Initial intraday resistance is projected at 96.50, followed by the crucial high at 96.85.
Yesterday's precise test of 95.75 marks the final of the downtrend from 99.93 and current outlook is positive, for a test of 97.50 resistance area. Intraday allow a minor downswing towards 96.30 support.
A reversal has been confirmed at 1.3400 with the recent break through the dynamic projection at 1.3335 and the outlook here is negative, for a slide through 1.3265, en route to the major support at 1.3160. Crucial on the upside is 1.3350.
Current break through 97.50 signals a successful test of that area and the upmove from 95.90 is intact, heading towards 99.10 dynamic projection. Key support on the downside is projected around the static 96.90.
