Yesterday's rise to 1.6645 sets the final of the consolidation pattern above 1.6534 and current outlook is already bearish, for a break through 1.6534 lows, en route to 1.6460.
The slide from 1.6645 has bottomed at 1.6441 and the intraday bias is already positive, for a corrective rise towards 1.6535 resistance area. Initial minor intraday support is seen at 1.6458.
Still consolidating below 1.6275 minor resistance, as I favor a reversal, for a break through 1.6170 key support, en route to 1.5850. Major hurdle on the upside is 1.6340 resistance zone.
Several unsuccessful test of 107.40 resistance zone signal a possible brief consolidation pattern towards 105.70-80 support zone before renewal of the upmove towards 109.+.
The recent break through 1.2906 support signals, that the corrective pattern below 1.2995 is complete and the bias here is negative, for a slide towards 1.2750. Initial resistance lies at 1.2906 and crucial on the upside is 1.2995.
Due to the increased volatility, the pair managed to test even 1.6530 resistance, but the intraday bias is already bearish, for a slide towards 1.6345, en route to 1.6050. Initial intraday resistance lies at 1.6479.
The consolidation pattern below 109.45 high could extend towards 108.10-15 minor support, before renewal of the overall uptrend towards 110.60. Key support on the senior frames is seen at 107.40.
The consolidation pattern above 1.2810 is still underway, so allow one more upward attempt to 1.2900 before drowning towards 1.2750 major support. Crucial resistance on the upside lies at 1.2995.
Current slide from 1.2864 high broke through 1.2820 lows and the general downtrend has been renewed, targeting 1.2630, en route to 1.2440. Initial intraday resistance is seen at 1.2760, followed by the major hurdle at 1.2820 and crucial on the upside is 1.2900 zone.
The recent break through 1.6280 support led to a downswing to 1.6208 and current rebound should be considered corrective, preceding another slide towards 1.6160. Key intraday resistance lies at 1.6280 and crucial on the upside is 1.6340 resistance.
After the recent peak at 1.2715 the overall downtrend has been renewed , currently targeting 1.2540, en route to 1.2440. Resistance on the upside is projected at 1.2715, followed by 1.2760.
Yesterday's slide through 109.53 signals a major reversal at 110.08, which should provoke a significant pullback towards 107.40. The intraday bias is negative below 109.10, for a downswing towards 108.30 support zone.
The consolidation pattern above 1.2570 has been completed with yesterday's spike to 1.2700 and the outlook here is already negative, for a break through 1.2610 crucial support, towards 1.2570, en route to 1.2440.
The downtrend has been renewed and the outlook is bearish below 1.2570 resistance, for a slide towards 1.2440, en route to 1.2260. Crucial on the upside is 1.2700 peak.
Yesterday's break through 1.2570 unleashed a rise to 1.2675 and the current intraday bias is positive above 1.2570 support, with a risk of another upswing towards 1.2700-15 resistance area. A clear break through the latter will signal, that a significant low is place at 1.2500.
The pattern below 1.2680 is obviously corrective in nature and yesterday's failure above 1.2570 support signals a positive bias, for a break through 1.2700, en route to 1.2820 resistance.
