The intraday bias is negative and my outlook is bearish, for a slide towards 98.40 support area. Initial resistance is projected at 99.25-30, followed by the crucial 99.57.
The reversal at 1.3093 signals, that the downtrend from 1.3200 is still underway and my outlook here is bearish, for a break through 1.3000, en route to 1.2900 area. Key intraday resistance is projected at 1.3057.
The intraday bias is positive above 1.3030 static support, for a rise to 1.3093 high and probably 1.3120 resistance zone, before drowning towards 1.2900 area.
Current intraday high at 1.3120 is expected to initiate a downtrend for a break through 1.3070, en route to 1.2990 and 1.2900 later on. Key resistance on the upside is 1.3130 area and until it remains intact my outlook will be bearish, for a slide towards the mentioned targets.
Yesterday's break beyond 1.3120 high reinstated the bullish bias and currently the pair is caught in the 1.3120-3200 range. Intraday I favor a slide to 1.3120 support before a tighter test of 1.3200 resistance area which is expected to cap the upside for now. Only a clear break through 1.3200 will set the focus at 1.3300-3320 hurdle.
Although the bias here is still bullish, my outlook is counter-trend, for a slide to 1.3120 support zone, followed by a break through 1.3050, en route to 1.2950 low. Initial minor intraday resistance is projected at 1.3190, followed by the peak at 1.3244 and the major hurdle on the daily time-frame at 1.3310-20.
Although the uptrend here is still intact, my outlook is counter-trend due to the major resistance around 1.5610-30 and I expect a sell-off through 1.5480, en route to 1.5370. Initial minor support is projected at 1.5550.
Still in the broad range between 1.3150 and 1.3035, as my intraday outlook is bearish, for a test of the lower boundary, en route to 1.2950. Initial minor resistance is projected at 1.3095, followed by the major hurdle at 1.3150.
The downtrend here is absolutely intact and current intraday rebound above 1.5441 low should be considered corrective, preceding next leg downwards, to 1.5367. Initial resistance is projected at 1.5490-5505.
Yesterday's break through 1.5490 signaled, that an uptrend is on the run and my outlook is positive, for a a rise through 1.5610, en route to 1.5680. Initial support is projected at 1.5500.
Double top reversal pattern at 1.5587 signals a beginning of a downtrend towards 1.5360, en route to 1.5197. The outlook is negative with an initial resistance at 1.5440-50.
My outlook here remains negative below 1.3070 major resistance, for a slide towards 1.2860. Minor intraday hurdle is projected at 1.3018 and a violation of that area would signal a larger rebound for a test of 1.3070 break-out area.
The intraday bias is positive within the consolidation phase above 1.2935 low, but the rebound should be limited below 1.3070 break-out area, for a sell-off towards 1.2860.
The bias here remains negative, as the pair is heading towards 1.2850-60 support area. An eventual reversal around 1.2850 should initiate a rebound for 1.2940 resistance area. Minor intraday resistance is projected at 1.2915.
The pair is consolidating above 1.2844 low and one more upswing to 1.2910 is likely to complete the corrective pattern, and to initiate a sell-off towards 1.2750 low. Major resistance area is projected at 1.2940-50.
Yesterday's upswing peaked at 1.5320 and now the outlook here is already negative, for a break below 1.5190, en route to 1.5026 support area. Minor intraday resistance is projected at 1.5260.
The bias here is positive above 1.2840-50 support area and I favor a rise towards 1.2940 and 1.3020. Crucial on the downside is 1.2840 and initial minor resistance is projected at 1.2900.
Still in a ranging mode below 102.86 resistance and my outlook is negative, for a break through 102.00, en route to 101.25 and 100.00 sentiment area later on. Initial intraday resistance is projected at 102.86.
The intraday bias is positive above 1.2860, for another rise towards 1.3000 area. Minor intraday resistance is projected at 1.2903 and key support on the downside is 1.2798.
The corrective pattern above 1.5020 is still on the run and I favor one more upswing, for a tight test of 1.5190 resistance area, preceding next wave downwards, to 1.4830. Key intraday support is projected at 1.5050.
