Current pullback below 1.2620 resistance should be considered corrective, preceding an advance towards 1.2650 area. Intraday support leis at 1.2530 and crucial on the downside is 1.2470.
Yesterday's break through 1.2530 support signals a reversal at 1.2619 and the outlook is bearish below 1.2470, for a slide towards 1.2335, en route to 1.2230.
The uptrend is still on the run, heading for a tight test of 12404 peak. The latter should provoke a reversal, for a corrective slide towards 12110 area. Crucial on the downside is 12300, followed by 12190.
The index has reached the initial hurdle at 12110 and the overall outlook remains bearish, for a violation of the mentioned support, towards 11850 area. Initial resistance lies at 12200 and crucial on the upside is 12300.
The intraday bias is positive after the break through 1.2450, as the pair is currently testing 1.2500 resistance area. A violation of the latter will challenge 1.2500 and 1.2620.
The break through 1.2600 resistance unleashed a fast uptrend, all the way up to 1.2904 high. The intraday bias is bearish, for a corrective pullback towards 1.2770, en route to 1.2705 zone.
Yesterday's "double top"formation at 1.0777 signals a reversal and the intraday outlook is bearish, for a break through 1.0700 static support, towards 1.0570 low. Crucial resistance lies at 1.0740.
The results of the French election's first round led to a massive rise all the way up to 1.0940 resistance area and current pullback is testing 1.0826 support zone, for a further slide towards 1.0780 area. Minor resistance is projected at 1.0870.
The uptrend is intact, ready for a break through 111.50, towards 112.26 resistance area. Initial support is projected at 110.50, followed by the crucial one at 109.40.
