The second test of 1.5670 failed as well and the corrective slide performed another dip to 1.5550 support. The outlook on the senior frames is still positive, for a rise towards 1.5800.
Yesterday's break through 1.0869 led to test of 1.0965 resistance and current pullback should be considered corrective, preceding another leg upwards, to 1.1085. Key support lies at 1.0869.
The uptrend here is intact with yesterday's new high at 1.1016 and initial target is still set at 1.1083. Intraday support is projected at 1.0950, followed by the crucial area at 1.0870.
The support zone around 1.1020 is still intact, but an eventual break there will extend the corrective pullback towards 1.0925, before renewal of the general upmove to 1.1216.
The bias here remains negative after the recent break through 1.1020 support zone, but my outlook is counter-trend against 1.0925, for a bounce towards 1.1080 crucial area, en route to 1.1216.
The rebound above 1.0892 low is corrective, preceding a slide towards 1.0870. Only a break through 1.1015 resistance area will signal a major reversal of the whole slide from 1.1126 and will target 1.1215 zone.
The consolidation pattern below 1.5670 is still underway, but my outlook here is bullish, for a break through the mentioned resistance, en route to 1.5800 zone. Key support on the downside lies at 1.5540.
The recent slide to 1.5528 is still a part of the prolonged consolidation pattern and an eventual break through the crucial high at 1.5636 will reinstate the positive outlook for 1.5800 zone.
The outlook is bullish after yesterday's break through 124.50, for a rise towards 125.90 peak. Initial intraday support comes at 124.50, followed by the crucial intraday low at 124.00.
The slide from 11658 managed to test 11480 support zone and current rebound should be considered corrective, preceding another leg downwards, to 11330 area.
The intraday bias is still negative and crucial on the upside is 1.1125 high. I favor a break through the latter to initiate a rise towards 1.1216, en route to 1.1290.
