- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0867; (P) 1.0884; (R1) 1.0907; More…
EUR/USD dips notably in early US session but stays above 1.0788 support. Intraday bias remains neutral first. Considering bearish divergence condition in 4H MACD, firm break of 1.0788 will argue that rebound from 1.0601 has completed and turn bias to the downside for this low. Nevertheless, break of 10915 will resume the rally to 1.0980 resistance instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0867; (P) 1.0884; (R1) 1.0907; More…
Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will turn bias back to the downside for deeper decline instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More…
Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will turn bias back to the downside for deeper decline instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More…
Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will turn bias back to the downside for deeper decline instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0853; (P) 1.0885; (R1) 1.0910; More…
Intraday bias in EUR/USD remains neutral for the moment, as consolidation continues below 1.0915. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will turn bias back to the downside for deeper decline instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0853; (P) 1.0885; (R1) 1.0910; More…
Intraday bias in EUR/USD is turned neutral with current retreat and some consolidations would be seen below 1.0915. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will turn bias back to the downside for deeper decline instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0854; (P) 1.0879; (R1) 1.0931; More….
Further rally is still expected in EUR/USD despite current retreat. Rise from 1.0601 should target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, break of 1.0788 will turn intraday bias back to the downside for deeper pullback instead.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0854; (P) 1.0879; (R1) 1.0931; More….
EUR/USD’s rally from 1.0601 resumed by break through 1.0894 resistance. Intraday bias is back on the upside for t .8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, in case of retreat.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0788 support will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0812; (P) 1.0847; (R1) 1.0883; More….
No change in EUR/USD’s outlook as range trading continues. Intraday bias stays neutral at this point. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, in case of retreat.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0812; (P) 1.0847; (R1) 1.0883; More….
Intraday bias in EUR/USD remains neutral as range trading continues below 1.0894. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, in case of retreat.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
EUR/USD dipped to 1.0788 last week but quickly recovered. Initial bias remains neutral this week first. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, in case of retreat.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
In the long term picture, a long term bottom is in place at 0.9534 on bullish convergence condition in M MACD. It’s still early to call for bullish trend reversal with the pair staying inside falling channel in the monthly chart. Nevertheless, sustained trading above 55 M EMA (now at 1.1030) and break of 1.1274 resistance will raise the chance of reversal and target 1.2348 resistance for confirmation.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0798; (P) 1.0822; (R1) 1.0855; More….
Focus is now on 1.0894 in EUR/USD with today’s strong bounce. Firm break there will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, in case of retreat.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0798; (P) 1.0822; (R1) 1.0855; More….
Intraday bias in EUR/USD stays neutral as range trading continues. On the upside, firm break of 1.0894 will resume the rise from 1.0601 towards 1.0980 resistance next. However, sustained trading below 38.2% retracement of 1.0601 to 1.0894 at 1.0782 will argue that rebound from 1.0601 has completed. Deeper fall would be seen to 61.8% retracement at 1.0713.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0780; (P) 1.0821; (R1) 1.0842; More….
EUR/USD recovered after dipping to 1.0788 and intraday bias is turned neutral first. On the upside, firm break of 1.0894 will resume the rise from 1.0601 towards 1.0980 resistance next. However, sustained trading below 38.2% retracement of 1.0601 to 1.0894 at 1.0782 will argue that rebound from 1.0601 has completed. Deeper fall would be seen to 61.8% retracement at 1.0713.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0780; (P) 1.0821; (R1) 1.0842; More….
Intraday bias in EUR/USD is back on the downside with break of 1.0804 support. Deeper fall would be seen to 1.0752 resistance turned support. Firm break there will argue that rebound from 1.0601 has completed, and bring retest of this low. For now, risk will be mildly on the downside as long as 1.0894 resistance holds, in case of recovery.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More….
Intraday bias in EUR/USD stays neutral as sideway trading continues. More consolidations could still be seen. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More…
Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could still be seen. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0844; (P) 1.0856; (R1) 1.0871; More…
EUR/USD is staying in range below 1.0894 and intraday bias stays neutral. More consolidations could still be seen. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0844; (P) 1.0856; (R1) 1.0871; More…
Intraday bias in EUR/USD remains neutral as consolidation from 1.0894 could extend further. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
- Technical Outlook
- EURUSD Outlook
By
ActionForex.com
-
Daily Pivots: (S1) 1.0815; (P) 1.0836; (R1) 1.0868; More…
Intraday bias in EUR/USD stays neutral and further rise is mildly in favor. Break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support.
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern. Fall from 1.1138 is seen as the third leg and could have completed. Firm break of 1.1138 will argue that larger up trend from 0.9534 (2022 low) is ready to resume through 1.1274 high. On the downside, break of 1.0601 will extend the corrective pattern instead.
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