The index failed to climb above 10570 resistance and the outlook is bearish, for a break through 10245, towards 10090 zone. Key intraday resistance lies at 10400.
The downtrend has reached a new local low at 1.2717, but the outlook remains absolutely bearish, for a further slide towards 1.2680, en route to 1.2565 area. Initial resistance lies at 1.2794, followed by the key hurdle at 1.2913.
The corrective pullback is over with yesterday's low at 10477 and the bias is positive, for a rise towards 10710 zone. Crucial on the downside is 10477.
Last night's massive sell-off during the initial, low liquidity minutes of the Asian session, hit a fresh new three-decade low, but the pair is already recovering, seeking a balance point between 1.2202 and 1.2567 boundaries. Minor intraday support lies at 1.2350 and initial resistance is projected at 1.2470.
The recent break through 103.30 confirms a reversal of the whole upmove since 100.70 and the outlook is bearish, for a slide towards 100.85.Initial intraday resistance lies at 103.50.
The reversal at 1.0984 signals, that a corrective rebound is underway, but 1.1100 resistance should cap the upside, for another downswing towards 1.0910.
The intraday bias is slightly positive above 1.1000 minor support, for a test of 1.1060 resistance. A break through the latter will challenge 1.1120 area.
There is a minor reversal at 103.16, but only a break through the crucial 104.20 will signal a completion of the whole corrective pullback below 104.62. Initial intraday resistance lies at 103.70.
The downtrend has been renewed after yesterday's short-lived spike to 1.1039 and the outlook is bearish, for a slide towards 1.0820 support area. Key intraday resistance lies at 1.0950.
The slide from 1.2330 resistance has tested the dynamic support at 1.2180 and the intraday outlook is positive, for another upswing towards the mentioned hurdle. Trigger on the upside is 1.2257.
There is still a risk of an intraday bounce towards 1.0915, but the overall outlook remains bearish, for a slide towards 1.0820, en route to 1.0713. Key resistance lies at 1.0950.
