Today's break through 1.0660 signals, that a bottom is in place at 1.0517 and the whole downtrend from 1.1300 high is over. The bias is positive above 1.0620, for a rise towards 1.0745, en route to 1.0860. Crucial on the downside is 1.0580.
The pullback after 1.0683 high should be considered corrective, preceding another advance towards 1.0745 resistance. Minor intraday hurdle lies at 1.0635.
Yesterday's slide to 1.0550 marks the finale of the consolidation pattern below 1.0680 peak and the outlook is positive again, for a rise towards 1.0745, en route to 1.0860. Initial support lies at 1.0600.
The intraday bias is positive above 1.0640-50 support area, for a test of 1.0745 hurdle. A break through the latter will challenge 1.0860 main target area. Crucial on the downside is 1.0582 low.
The negative outcome of the Italian referendum led to a fast sell-off in EUR/USD and the pair reached a local low at 1.0505. Despite the negative intraday bias, my outlook is counter trend, for a break through 1.0635 resistance, towards 1.0745.
Yesterday's rise broke through several technical levels and reached a local high at 1.0795. Current pullback should be considered corrective, preceding another leg upwards, to 1.0860 resistance zone. Key support lies at 1.0680.
The corrective pattern below 1.0795 peak is still underway, ready for a tight test of 1.0680 support zone. The latter should provide a reliable base for another upswing towards 1.0860 area. Initial intraday support lies at 1.0680, followed by 1.0630.
The intraday bias is negative, for a tight test of 112.85 support zone and the latter could initiate another upswing, towards 116.00 major hurdle. Crucial intraday resistance lies at 114.39.
The recent break through 114.80 signals a renewal of the uptrend, for a tight test of 116.00 major hurdle. The latter could provoke a reversal for a broad consolidation pattern towards 111.40 zone.
Yesterday's rise has been reversed at 116.00 resistance zone and my outlook here is already bearish, for a break through 114.80 support, towards 113.70 target mark.
The US dollar showed strength across the board after Fed raised the interest rate and added another, third hike to its 2017 schedule. The sell-off in EUR/USD reached the weekly lows at 1.0460 and current rebound should be considered corrective, so my outlook is bearish, for a break through the mentioned hurdle and slide towards 1.0335 area. Initial resistance lies at 1.0520, followed by the crucial 1.0585.
Yesterday's break through 1.0460 monthly low signals an existing downtrend on most of the time-frames and my outlook is bearish again, for a continuation of the slide towards 1.0195 area. Initial resistance lies at 1.0460 and crucial on the intraday charts is 1.0520. Trigger on the downside is 1.0404.
The consolidation pattern above 1.0365 is still underway and although there is an intraday risk of a short-lived spike to 1.0540 area, the overall outlook remains bearish, for a slide towards 1.0195 zone. Key support lies at 1.0402.
Yesterday's low at 116.50 signals a finale of the consolidation pattern below 118.65 peak and the uptrend is renewed, towards 120.00 sentiment area. Initial intraday support lies at 117.60.
My outlook remains bullish, for a break through 118.65 resistance, towards 120.00 sentiment area. Initial intraday support lies at 117.00, followed by 116.00 crucial area.
The pair broke through 1.2310 low and my outlook remains bearish, for a slide towards 1.2080 target mark. Initial resistance lies at 1.2310, followed by the crucial 1.2386.
