EUR/USD Weekly Outlook

EUR/USD dropped sharply to 1.1716 last week before forming a temporary low there and recovered. Initial bias is neutral this week first. Current development suggests that decline from 1.2091 is correcting whole rise from 1.0569. Deeper fall is expected as long as 1.22029 resistance holds. Below 1.1716 will target 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound.

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral for the moment and some sideway trading could be seen above 1.1716 temporary low. Deeper fall is expected as long as 1.2029 resistance holds. Decline from 1.2091 is seen as correcting whole rise from 1.0569. Below 1.1716 will target 1.1661 support and then 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound.

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains neutral for the moment and some sideway trading could be seen above 1.1716 temporary low. Deeper fall is expected as long as 1.2029 resistance holds. Decline from 1.2091 is seen as correcting whole rise from 1.0569. Below 1.1716 will target 1.1661 support and then 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound.

EUR/USD Mid-Day Outlook

A temporary low is in place at 1.1716 and intraday bias is turned neutral first. Deeper fall is expected as long as 1.2029 resistance holds. Decline from 1.2091 is seen as correcting whole rise from 1.0569. Below 1.1716 will target 1.1661 support and then 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound.

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains on the downside as fall from 1.2091 is in progress. Deeper decline should be seen to 1.1661 support first. Such fall is correcting whole rise from 1.0569. Break of 1.1661 will target 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound. On the upside, above 1.1837 minor resistance will turn intraday bias neutral first. But break of 1.2029 resistance is needed to confirm completion of the pull back. Otherwise, deeper fall will remain in favor as the correction develops.

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains on the downside as correction from 1.2091 extends. Deeper decline should be seen as 1.1661 first. Such decline is correcting whole rise from 1.0569. Break of 1.1661 will target 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound. On the upside, above 1.1837 minor resistance will turn intraday bias neutral first. But break of 1.2029 resistance is needed to confirm completion of the pull back. Otherwise, deeper fall will remain in favor as the correction develops.

EUR/USD Daily Outlook

The correction from 1.2091 is still in progress and intraday bias remains on the downside for 1.1661 support. Such decline is correcting whole rise from 1.0569. Break of 1.1661 will target 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound. On the upside, above 1.1861 minor resistance will turn intraday bias neutral first. But break of 1.2029 resistance is needed to confirm completion of the pull back. Otherwise, deeper fall will remain in favor as the correction develops.

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains on the downside for 1.1661 support. Fall from 1.2091 is corrective whole rise from 1.0569. Break of 1.1661 will target 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound. On the upside, break of 1.2029 resistance is needed to confirm completion of the pull back. Otherwise, deeper fall will remain in favor as the correction develops.

EUR/USD Daily Outlook

EUR/USD’s decline from 1.2091 continues today. Break of 1.1822 support indicates near term reversal. That is, fall from 1.2091 is now correcting whole rally from 1.0569. Intraday bias is turned to the downside for 1.1661 support first. Break will target 38.2% retracement of 1.0569 to 1.2091 at 1.1510, where we’re expecting support to bring rebound. On the upside, break of 1.2029 resistance is needed to confirm completion of the pull back. Otherwise, deeper fall will remain in favor as the correction develops.