The bias is bullish after the recent failure above 1.1050 support zone, for a rise towards 1.1500 major hurdle. Initial intraday support lies at 1.1290.
Yesterday's rise peaked precisely at 1.5620 resistance and current pullback should be considered corrective, preceding next leg upwards, to 1.5730. Key static support lies at 1.5500.
The bias here remains bearish after today's break through 1.1290 support and the current slide is targeting 1.1050 area. Key resistance on the upside is projected at 1.1290.
The recent slide has reached a local low few pips above 1.1050 support zone and an eventual break through the crucial 1.1160 will signal a broader consolidation pattern towards 1.1290.
The intraday bias is rather bullish, for a break through the crucial 1.1160, en route to 1.1290. Key support on the downside remains projected at 1.1050.
The break through the 122.01 high signals a bullish outlook on all of the time-frames and initial static resistance is projected at 124.20. Intraday support lies at 122.01, followed by 121.35.
My outlook here is bearish after the recent precise test of 124.20 resistance, for a violation of the crucial 123.40, en route to 122.01 major support.
Yesterday's break through 1.1050 signals a reversal of the whole slide from 1.1466 and the outlook is bullish above 1.1050, for a rise towards 1.1290, en route to 1.1500. Initial minor intraday resistance lies at 1.1208.
Yesterday's corrective slide bottomed above 1.1050 support zone and the uptrend was renewed, performing a precise test of 1.1290 resistance. The outlook here remains bullish above 1.1200 support area, for further rise towards 1.1466. Crucial on the downside is 1.1070 low.
Friday's sell-off bottomed precisely at 1.1050 support and current rebound should be considered corrective, preceding another leg downwards, to 1.0880. Key resistance lies at 1.1190.
The outlook here is bullish after yesterday's failure above 1.5250 and my outlook is positive, for a break through 1.5450, en route to 1.5620. Initial intraday support lies at 1.5370.
The intraday bias is neutral after yesterday's failure at 1.1380, but while the key support at 1.1190 is intact, the outlook on the senior frames will remain positive, for a bounce towards 1.1500.
The intraday bias is positive for a test of 1.1280 and if this level is broken the pair will test the important resistance at 1.1380. Intraday support is at 1.1150.
Trading continues is the 123.12 - 123.80 channel. I keep my negative outlook for a break under the intraday support level and decline toward 122.01. Important support zone is 122.45.
