EUR/USD Daily Outlook

Consolidation from 1.2322 is still unfolding and intraday bias remains neutral in EUR/USD. As long as 1.2088 resistance turned support holds, near term outlook remains bullish and another rise is expected. Above 1.2322 will extend the medium term rise to next key fibonacci level at 1.2494/2516. We’d expect strong resistance from there to bring reversal. Meanwhile, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral for consolidation below 1.2322. As long as 1.2088 resistance turned support holds, near term outlook remains bullish and another rise is expected. Above 1.2322 will extend the medium term rise to next key fibonacci level at 1.2494/2516. We’d expect strong resistance from there to bring reversal. Meanwhile, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains neutral for consolidation below 1.2322. As long as 1.2088 resistance turned support holds, near term outlook remains bullish and another rise is expected. Above 1.2322 will extend the medium term rise to next key fibonacci level at 1.2494/2516. We’d expect strong resistance from there to bring reversal. Meanwhile, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Weekly Outlook

EUR/USD rose to 1.2322 last week but turned into consolidation since then. Initial bias is neutral this week first. As long as 1.2088 resistance turned support holds, near term outlook remains bullish and another rise is expected. Above 1.2322 will extend the medium term rise to next key fibonacci level at 1.2494/2516. We’d expect strong resistance from there to bring reversal. Meanwhile, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Mid-Day Outlook

EUR/USD continues to be bounded in consolidative trading below 1.2322 and intraday bias remains neutral. More consolidations could be seen. But as long as 1.2088 resistance turned support holds, further rally is expected. Break of 1.2322 will resume medium term rise to 1.2494/2516 key resistance zone next. At this point, we’d expect strong resistance from there to limit upside and bring reversal. On the downside, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Daily Outlook

EUR/USD is staying in consolidation below 1.2322 and intraday bias remains neutral. Near term outlook remains bullish with 1.2088 resistance turned support intact, and further rise is expected. Above 1.2322 will resume medium term rally to 1.2494/2516 key resistance zone next. At this point, we’d expect strong resistance from there to limit upside and bring reversal. On the downside, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Mid-Day Outlook

EUR/USD recovers mildly but stays in range below 1.2322 temporary top. Intraday bias remains neutral for the moment. Also, as long as 1.2088 resistance turned support stays intact, near term outlook remains bullish. Current medium term rally would target 1.2494/2516 key resistance zone next. At this point, we’d expect strong resistance from there to limit upside and bring reversal. On the downside, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains neutral for consolidation below 1.2322 temporary top. But, as long as 1.2088 resistance turned support stays intact, near term outlook remains bullish. Current medium term rally would target 1.2494/2516 key resistance zone next. At this point, we’d expect strong resistance from there to limit upside and bring reversal. On the downside, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral at this point and more consolidations could be seen. As long as 1.2088 resistance turned support stays intact, near term outlook remains bullish. Current medium term rally would target 1.2494/2516 key resistance zone next. At this point, we’d expect strong resistance from there to limit upside and bring reversal. On the downside, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first

EUR/USD Daily Outlook

EUR/USD edged higher to 1.2322 but quickly retreated. Intraday bias remains neutral first. Near term outlook will remain bullish as long as 1.2088 resistance turned support holds. Current medium term rally could target 1.2494/2516 key resistance zone next. At this point, we’d expect strong resistance from there to limit upside and bring reversal. On the downside, break of 1.2088 will argue that EUR/USD has topped earlier than expected. In that case, intraday bias will be turned to the downside for 1.1915 support first.