The second test of 1.0950 resistance failed as well and the intraday bias remains neutral. An eventual break through 1.0950 will challenge the crucial 1.1040. Support is projected at 1.0850, followed by 1.0820.
Last week's break through 1.0950 signals a positive bias, for a further rise towards 1.1050. Initial intraday support lies at 1.0950 and crucial on the downside is 1.0880 low.
The bias is still positive, as the pair is targeting 1.1120 resistance. The latter should cap the upside, for a downswing towards 1.0990. Trigger on the downside is 1.1050.
Yesterday's rise has reached precisely 1.1120 resistance and my outlook is counter-trend, for a reversal and break through 1.1075 support, towards 1.0990 area.
The outlook remains bearish, for a slide towards 1.0990 support zone, en route to 1.0940. Initial intraday resistance lies at 1.1050 and key hurdle is still 1.1120 area.
Yesterday's slide managed to dip to 1.0990 minor support, followed by a massive rise after the US presidential election initial results, all the way up to 1.1300 peak. Current pullback is targeting 1.1170 minor support, followed by the major one at 1.1120.
The recent slide below 1.0990 signals, that the whole upmove from 1.0850 was corrective in nature, thus preceding a slide towards 1.0710. the intraday bias is negative below 1.0990, for a test of 1.0850 low.
The recent peak at 10800 signals a completion of the whole impulse from 9960 low and a consolidation pattern is underway, preceding another upmove towards 11000 area. The intraday bias is rather negative, for a slide towards 10476.
The downtrend has been renewed, heading towards 1.0710, en route to 1.0600 support area. Initial resistance lies at 1.0860 and crucial on the upside is 1.0920 intraday high.
Yesterday's slide tested precisely 1.0710 support zone and current rebound will strive to correct the wave from 1.0920 high, before another dip towards 1.0610 area. Initial intraday resistance lies at 1.0810, followed by the key one at 1.0860 and crucial on the upside is still 1.0920.
Yesterday's minor corrective rebound was capped at 1.0815 and the downtrend is intact, heading towards 1.0610 target mark. Crucial on the upside is still 1.0920 and after a break through 1.0708 low 1.0815 will take its place.
Yesterday's slide broke through 1.0666 low, accelerating towards 1.0582 local minimum. The outlook remains bearish, for a slide towards 1.0520 area. Initial minor resistance lies at 1.0519, followed by the major one at 1.0670. Crucial on the upside is already 1.0745 high.
The intraday bias is slightly positive above 1.0610 support, with a risk of a tight test at 1.0660 resistance. Despite the prolonged downtrend, the bias remains bearish on the senior frames and only a break through 1.0745 crucial high will signal a reversal of the whole slide from 1.1300.
The recent break through 1.2437 signals a reversal at 1.2300 low and the outlook is bullish, for a break through 1.2513, towards 1.2680 zone. Initial intraday support lies at 1.2437, followed by the crucial 1.2380.
