Yesterday's peak at 1.1910 is likely to be followed by a brief consolidation pattern, before next leg upwards, to 1.2000 sentiment area. Crucial support on the downside is projected at 1.1775.
The slide through 110.25 signals a renewal of the general downtrend and the outlook is bearish, for a depreciation towards 108.80. Initial intraday resistance lies at 110.25.
The consolidation pattern above 1.2950 is running out of steam, so 1.3050 resistance is expected to cap the upside and to provoke another leg downwards, to 1.2810 area.
Yesterday's rise to 1.1784 should be considered the final leg of the consolidation pattern above 1.1687 and my outlook is bearish, for a sell-off towards 1.1580 area.
The intraday bias is positive after the violation of 1.1780 hurdle, but my outlook is counter-trend, for a reversal and a new leg downwards, to 1.1580 area.
My outlook here remains bearish, for a break through 1.1687 lows, towards 1.1580. Key intraday resistance lies at 1.1770 and it should cap every attempt for a corrective rebound.
Yesterday's test of 1.1680 has failed again, but the outlook on the senior frames remains bearish, for a slide towards 1.1580. There is a minor intraday risk of short-lived attempt towards 1.1850 hurdle.
The overall outlook is still bearish, for a slide towards 1.1580, en route to 1.1480 zone. Initial minor resistance lies at 1..1780, followed by the crucial on the higher frame 1.1850.
The slide through 108.70 low signals, that the downtrend hes been renewed, towards 108.10, en route to 107.00 area. There is still and intraday risk of a bounce towards 109.60 and even 110.30 minor hurdles.
Yesterday's low at 1.1740 is already a crucial one and a break through it will signal a renewal of the downtrend, towards 1.1580. Initial intraday resistance lies at 1.1830.
The low at 1.2773 signals a reversal of the whole downtrend from 1.3260 and the bias is already positive above 1.2846, for a break through 1.2930, towards 1.3050 zone.
Yesterday's reversal at 1.2070 has initiated a corrective pullback and the intraday bias is slightly negative for a tight test of 1.1909 support zone. The latter is expected to provide a reliable base for another upswing on the higher frames, towards 1.2160. Intraday resistance lies at 1.2000.
