The bias here remains positive after yesterday's corrective dip to 1.7095 and the pair is targeting 1.7250 area. Initial intraday support lies at 1.7120 and crucial on the downside is 1.7095.
The intraday bias is still negative below 1.3667 minor resistance and there is a risk of a slide towards 1.3610 dynamic support. On the senior frames the outlook remains bullish with a crucial low at 1.3575 and only a violation of the latter will signal, that the whole rebound above 1.3502 is complete.
The slide from 1.3700 is still intact and with yesterday's break through 1.3610 dynamic support the bias here is negative, for a sell-off towards 1.3502 low. Initial intraday resistance lies at 1.3620.
The slide after the recent peak at 102.25 is corrective in nature, thus preceding an advance towards 102.80. Intraday allow a slide for a test of 101.80 support zone.
Yesterday's failure at 1.3575 signals a reversal of the slide from 1.3700 and the current rebound is expected to be limited below 1.3640 resistance, which should provoke another leg downwards, to 1.3502.
Nothing interesting here, as the trading remains in a consolidation mode with a risk of one more slide towards 1.7083-7060 support area, before bouncing higher, towards 1.7250.
The intraday bias is positive above 101.40 support and my outlook is bullish, for a break through 101.85, en route to 102.80. Crucial on the downside is 101.40.
The pattern below 1.7190 continues to unfold in a consolidation mode and while 1.7098 support is intact, the outlook here will remain positive, for a break through 1.7145 crucial high, en route to 1.7250.
The intraday bias continues to be negative below 1.7120 minor resistance and the lack of proper reaction above 1.7080 switches the outlook to bearish, for a break through 1.7060 key level, en route ti 1.6910. Crucial on the upside is 1.7150.
The reliable resistance at 1.3550 is still intact and the outlook is undoubtedly bearish, for a slide towards 1.3400 area. Initial resistance lies at 1.3512, followed by 1.3550. Crucial on the upside is still 1.3585.
Today's spike to 1.7096 was the final leg of the consolidation pattern above 1.7035 and the pair is ready for a renewal of the downtrend, towards 1.6910 area. Key resistance on the upside is still 1.7120.
Current rebound at 1.3437 signals, that the slide from 1.3550 is over and the pair has entered a consolidation mode, preceding next sell-off towards 1.3280. Key resistance on the upside is the already breached 1.3502 area.
Yesterday's uptrend has been corrected with the minor pullback below 101.85 and now the upmove is renewed, for a break through 102.25, en route to 102.80. Key static support lies at 101.60.
Current consolidation pattern above 1.6960 low precedes a slide towards 1.6910 dynamic support zone. Initial resistance lies at 1.6997, followed by 1.7023.
The downtrend is absolutely intact, heading for a right test of 1.3380 support zone, en route to 1.3280. Initial intraday resistance lies at 1.3420, followed by the crucial 1.3443.
There was no significant reaction after the test of 1.6890 and the downtrend is renewed, towards 1.6830, en route to 1.6690 major support. Key resistance on the upside lies at 1.6925.
