The intraday bias is still positive, for a tight test below 1.0630 resistance area. The latter should cap the upside, for another downswing towards 1.0450. Crucial intraday low lies at 1.0535.
The support zone around 1.2380 has been cleared and the outlook is bearish, for a slide towards 1.2240. Initial intraday resistance lies at 1.2400, followed by the crucial high at 1.2467.
The downtrend is intact, ready for a test of 1.2240 support zone. I favor a break through the latter and continuation of the slide towards 1.2120. Initial intraday resistance lies at 1.2325, followed by the crucial 1.2400.
The downtrend has been reversed at 1.2212 and the intraday bias is slightly positive, for a corrective rebound before drowning towards 1.2110 area. Initial intraday resistance lies at 1.2325.
The recent reversal at 115.50 led to a corrective slide and the intraday bias is negative, for a possible test above 114.10 support zone. Initial intraday resistance lies at 114.95 and a break through the latter will signal a renewal of the general upmove, towards 115.65 area.
Yesterday's slide completes the corrective pattern below 115.50 and my outlook is bullish, for a rise towards 115.70 resistance area. The latter should be the final leg of the whole rebound above 111.60 lows.
The recent break through 114.50 led to a fast sell-off all the way down to 112.90 support area. I favor a reversal and a break through 113.50 will signal a rebound towards 114.50.
The pair failed to break below 1.0712 support and the uptrend has been renewed, reaching new local high at 1.0780. The overall bias remains bullish above 1.0745, for a test of 1.0828 peak. Crucial on the downside is 1.0704 low.
The pair is currently testing the previous peak at 1.0780 and a failure here will result in an intraday slide towards 1.0710 support zone. The overall bias on the senior frames remains positive above 1.0600, for a rise towards 1.0870.
