- 
- 
- 
Welcome,
Guest!
TechnicalCentral BanksForex Brokers
Trading Tools |
EUR USD Daily Outlook
0
votes
Daily Pivots: (S1) 1.3467; (P) 1.3715; (R1) 1.3883; EUR/USD falls further to as low as 1.3504 today and at this point, intraday bias remains on the downside as long as 1.3712 minor resistance holds. As discussed before, break of .3629 cluster support is consistent with the view that rise from 1.2423 has completed already. Further fall should be seen to 61.8% retracement of 1.2329 to 1.4719 at 1.3242 first. Break will bring retest of 1.2329 low. On the upside, above 1.3712 will turn intraday outlook neutral first. But a break of 1.4360 resistance is needed to confirm that fall from 1.4719 has completed. Otherwise, short term risk remains on the downside. In the bigger picture, a medium term bottom no doubt in place at 1.2329 and fall from 1.6038 should have completed. Whether such fall is impulsive or corrective in nature is debatable. But after all, in either case, as long as 1.4867 resistance holds, such decline is still in favor to resume. Though, some larger scale consolidation could be seen first. However, above 1.4867 will dampen the bearish view and argue that stronger rally would be seen to retest 1.6038 record high.
Next Analysis:
Content Provided by:
Action
ActionForex.com is set up with the aim to empower individual forex traders, providing insightful contents to individual forex traders.
Disclaimer:
Content in ActionForex.com website is for informational purposes only. Contributors submitted forecast, commentaries, analysis, articles are based upon information gathered from various sources believed to be reliable, complete, and accurate. However, no guarantee can be made as to the validity of the believed sources. All statements and expressions in the website are opinions, and not meant as investment advice or solicitation. Forex Markets can be volatile and opinions may change without notice.  Related Products  Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
 Price: $ 49.95 Overview This course is more than simple rules, this class explores and shows you how to ...
|
|
||
|
||
Which section would you like us to expand? |
||
 |
||
|
