The uptrend has been renewed and the pair is ready for a break through 1.1067 resistance, en route to 1.1194 target area. Initial intraday support lies at 1.0980.
Still in the broad consolidation pattern below 1.1067 resistance and while 1.0910 support holds, the outlook will remain positive, for a rise towards 1.1195 area. The intraday bias is slightly negative, for a slide towards 1.0938 lows.
Yesterday's extreme volatility led to a massive rise after 1.0820 low, all the way up to 1.1216 intraday peak. Current pullback should be considered corrective and the outlook is bullish above 1.1067 support, for another leg upwards, to 1.1375.
A reversal has been confirmed at 114.13 and the outlook is negative, for a slide towards 112.22, en route to 111.00 lows. Initial intaday resistance is projected at 113.50.
The overall outlook remains bearish, for a slide towards 1.4020 support zone. Initial intraday resistance lies at 1.4137, followed by the key area at 1.4250.
After yesterday's failure at 1.1067 the bullish bias has been reinstated and the outlook is positive, for a rise towards 1.1375 peak. Initial intraday support lies at 1.1200-1217 area.
The intraday outlook here is positive again above 111.90 support zone, with a risk of another upswing towards 112.90 area. Crucial on the downside is 111.35.
The pair broke through 1.1200 lows and the bias remains bearish, for a slide towards 110.65 low. An eventual corrective rebound should be limited below 112.00 resistance and crucial on the upside is 112.45 high.
The downtrend is intact, heading for a test of 108.40 support zone. A break through the latter will challenge directly 105.40. Initial intraday resistance lies at 109.28, followed by the crucial area at 110.00.
The reversal at 9706 led to a slide all the way down to 9440 and current rebound is corrective, preceding another leg downwards, to 9120. Initial intraday resistance lies at 9560 and crucial on the upside is 9706.
Yesterday's break through 1.4180 resistance signals a positive bias, for further rise through 1.4320, en route to 1.4458 high. Key intraday support is projected at 1.4180.
The consolidation pattern above 1.1235 is still underway and there is still a risk of a short-lived intraday spike to 1.1340 resistance before drowning towards 1.1143 area.
The recent violation of 1.1340 resistance signals, that the bullish bias is intact and the pair is heading towards 1.1464 high. Initial intraday support is projected at 1.1340.
