The resistance around 1.1190 is still intact and the outlook on the senior frames remains bearish, for a slide towards 1.1020, en route to 1.0820 zone.
The outlook is bearish below 1.3240 minor resistance, for a break through 1.3200 intraday support, en route to 1.3000 sentiment zone. Crucial on the upside is 1.3350-80 area.
The recent break through 1.3115 low unleashed a severe slide all the way down to 1.2800 low and the general outlook remains bearish, for a further depreciation towards 1.2560. The intraday bias however is bullish, for a corrective rebound towards 1.3000 area.
Yesterday's rebound to 1.1100 has not neutralized the bearish outlook on the senior frames, for a slide towards 1.0910 low. Crucial on the upside is 1.1190 area.
The consolidation pattern above 1.2800 is probably over with yesterday's spike to 1.3045 and the outlook is bearish, for a break through 1.2870, en route to 1.2560 area.
A reversal has been confirmed at 1.1165 and the bias is bearish, for a break through 1.1040, en route to 1.0910 low. Initial intraday resistance lies at 1.1085.
The intraday bias is positive after the recent reversal at 1.0980, currently capped below 1.1040 resistance. An eventual break of the mentioned hurdle will challenge 1.1085 area.
Current pullback after 1.1120 peak should be considered corrective, preceding another rise towards 1.1190 resistance area. Key support lies at 1.1030-40.
