The consolidation pattern above 1.6010 low is already over with yesterday's failure at 1.6124 and my outlook here is negative, for a slide towards 1.5950, en route to 1.5850 area.
The rebound above 1.5912 continues to unfold in a corrective style and while 1.6015 resistance holds, my outlook will be negative, for a slide towards 1.5750 area. Crucial intraday support is projected at 1.5960.
The rebound above 1.3482 continues to evolve in a corrective style and I favor a downswing, for a break through 1.3510 support, en route to 1.3400 zone. Crucial resistance on the upside is still projected at 1.3610.
Yesterday's upswing to 1.3597 was the final leg of the consolidation after 1.3482 and I expect a break through 1.3542 support to unleash a slide for 1.3400 area. Key resistance on the upside is still projected at 1.3610.
The intraday bias is positive after yesterday's low at 1.3478 and I favor a break through 1.3542 intraday resistance to unleash a rise towards 1.3610, en route to 1.3710. Crucial on the downside is 1.3504.
The upmove here is absolutely intact, currently testing this year's high at 1.3710. Expect a break through 1.3710 to unleash a rise towards 1.3865. Initial support can be spotted at 1.3640, followed by the crucial break-out level at 1.3567.
The consolidation pattern below 1.3703 high precedes next leg upwards, towards 1.3865. The intraday bias is slightly negative, so allow a dip to 1.3630-10 before renewal of the upmove. Crucial on the downside is 1.3567.
The downtrend has been renewed after yesterday's failure at 98.40 resistance area, currently targeting 96.56 low. Initial minor resistance is projected at 97.55.
Yesterday's failure above 1.6100 provoked a rise to 1.6222 and although, there is no clear impulsive structure on the intraday frames, my outlook remains positive, for a break through 1.6260, en route to 1.6380.
Friday's intraday downswing to 1.6150 is probably the final of the consolidation pattern below 1.6260, so my outlook is bullish, for a break through the mentioned resistance, en route to 1.6380. Key support on the downside lies at 1.6110.
The intraday bias is negative after yesterday's break through 1.6115 static support, currently consolidating above 1.6050 zone. Although there is a risk of further decline towards 1.6020 area, I favor a reversal to set the beginning of a rise towards 1.6380. Trigger on the upside is 1.6165.
The slide from 1.6250 is still underway, with a possible target at 1.5960 reversal zone and initial resistance at 1.6050. Crucial on the upside is 1.6079 and a violation of that level will signal, that a bottom is already in place.
Yesterday's break through 1.3700 support zone unleashed a severe downtrend, which is still intact, heading towards 1.3450 area. Initial resistance is projected at 1.3575, followed by the crucial 1.3690.
Friday's sell-off bottomed few pips above 1.5897 support zone and current intraday bias is positive, for a rise towards 1.6010, en route to 1.6130 major resistance.
Current pattern below 1.5977 is by all means corrective in nature, thus preceding a rise towards 1.6010, en route to 1.6130 major resistance. Key support on the downside is projected at 1.5935.
Yesterday's dip to 1.3448 was just an inner part of the consolidation above 1.3440 low and my current outlook is positive, for a rise towards 1.3568, en route to 1.3650 major resistance. Crucial on the downside is 1.3440 low.
Yesterday's high at 1.6116 was a test of the resistance area below 1.6130 and the pair is currently consolidating beneath that zone. With the immediate support at 1.6060, the outlook here is rather bullish, for a break through 1.6116, en route to 1.6165 and 1.6260 later on. Crucial on the downside is 1.5980-90 area.
Yesterday's break through 1.3442 signals a renewal of the downtrend and the outlook is bearish, for a slide towards 1.3290. Initial resistance is projected at 1.3450 and crucial on the upside is 1.3547 high.
