The minor reversal at 1.1420 could be the final spike of the upmove since 1.1230 low, so my outlook is bearish, for a slide towards 1.1320, en route to 1.1230.
The sell-off after 1.1320 peak broke through 1.1280 intraday low and through November's minimum at 1.1214, which signals a trend mode and my outlook is bearish, for 1.1100, en route to 1.1010. Crucial on the upside is 1.1280.
The bias on the lower frames is positive above 1.1210, with a risk of a short-lived climb to 1.1280 hurdle, but the overall outlook remains bearish, for a continuation of the downtrend towards 1.1090.
Allow a brief consolidation pattern above 1.2960 before drowning towards 1.2845 area. Intraday I favor a rebound towards 1.3050 and even 1.3100 before downward leg unfolds.
The upmove since 1.1175 low is still on track, currently testing 1.1280 hurdle. A reversal here will be confirmed with a break through 1.1220 trigger and will allow a slide towards 1.1090.
The impulsive rise through 1.3100 area shows a completion of the corrective slide since 1.3350 high and the outlook is positive, for a test of the mentioned peak, en route to 1.3450. Minor intraday support lies at 1.3180.
The pair is heading for a test of 1.1350 resistance and the latter should cap the upside, for a downswing towards 1.1280 crucial low, en route to 1.1175.
The UK parliament ruled out the "no-deal" Brexit and the pair spiked to a new high at 1.3380. The overall bias is positive above 1.3190, targeting 1.3450 area.
The test of 1.1350 is still underway and only a slide below 1.1290 crucial low will signal a reversal and dive towards 1.1175. Next resistance on the upside lies at 1.1420.
The slide to 1.1340 should be considered corrective, so my outlook is positive, for a rise towards 1.1450 peak. The whole pattern after 1.1450 peak precedes a rise towards 1.1570.
The downtrend is intact below 1.1240 minor resistance, but my outlook remains counter-trend, for a reversal above 1.1175 lows and rise back towards 1.1450 area. Trigger on the upside is 1.1285 high.
The overall outlook remains positive above 1.1240, for a rise towards 1.1330. Crucial is 1.1210 low and a break through the latter will signal an imminent test of 1.1175 low, en route to 1.1015.
The consolidation pattern below 1.1330 signals a positive bias and with the static support at 1.1280 my outlook is bullish, for a rise towards 1.1390. The mentioned rise should be a short-lived one, followed by a drowning towards 1.1175 lows.
Yesterday's test of 1.1330 failed as well and the bulls are running out of time for a final brief spike to 1.1390, so pay attention to 1.1240-50 crucial support, as a break below will unleash a slide through 1.1175, towards 1.1020.
