EUR/USD’s decline from 1.1094 continued last week despite some loss of downside momentum. Further fall is expected this week as long as 1.0830 resistance holds. Current fall from 1.1094 is seen as correcting whole up trend from 0.9534, and should target 1.0515 cluster support, 38.2% retracement of 0.9534 to 1.1094 at 1.0498. On the upside
EURUSD Outlook
Daily Pivots: (S1) 1.0703; (P) 1.0730; (R1) 1.0752; More… Intraday bias in EUR/USD is turned neutral first with current recovery, and some consolidations could be seen. But further decline is expected as long as 1.0830 resistance holds. Current fall from 1.1094 is seen as correcting whole up trend from 0.9534. Below 1.0706 will target 1.0515
Daily Pivots: (S1) 1.0703; (P) 1.0730; (R1) 1.0752; More… EUR/USD is losing some downside momentum as seen in 4H MACD. But further decline is still expected as long as 1.0830 resistance holds. Current fall from 1.1094 is seen as correcting whole up trend from 0.9534. Deeper decline should be seen to 1.0515 cluster support, 38.2%
Daily Pivots: (S1) 1.0731; (P) 1.0766; (R1) 1.0784; More… Intraday bias in EUR/USD is back on the downside as fall from 1.1094 resumes by breaking 1.0759. Current fall is seen as correcting whole up trend from 0.9534. Deeper decline should be seen to 1.0515 cluster support, 38.2% retracement of 0.9534 to 1.1094 at 1.0498. On
Daily Pivots: (S1) 1.0747; (P) 1.0784; (R1) 1.0808; More… EUR/USD is still bounded in consolidation above 1.0759 temporary low and intraday bias stays neutral. Deeper decline is expected as long as 1.0903 resistance holds. Fall from 1.1094 is seen as correcting whole up trend from 0.9534. Below 1.0759 will target 1.0515 cluster support, 38.2% retracement
Daily Pivots: (S1) 1.0768; (P) 1.0798; (R1) 1.0837; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Deeper decline is expected as long as 1.0903 resistance holds. Fall from 1.1094 is seen as correcting whole up trend from 0.9534. Below 1.0759 will target 1.0515 cluster support, 38.2% retracement of 0.9534 to 1.1094 at
Daily Pivots: (S1) 1.0795; (P) 1.0813; (R1) 1.0830; More… No change in EUR/USD’s outlook as consolidation continues above 1.0759. Deeper decline is expected as long as 1.0903 resistance holds. Fall from 1.1094 is seen as correcting whole up trend from 0.9534. Below 1.0759 will target 1.0515 cluster support, 38.2% retracement of 0.9534 to 1.1094 at