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EUR/USD Daily Outlook

Holmes
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Daily Pivots: (S1) 1.1718; (P) 1.1744; (R1) 1.1771;

Intraday bias in EUR/USD remains neutral with focus on 1.1752 support turned resistance. Decisive break there will argue that corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 1.2011. On the downside, break of 1.1612 will extend the fall from 1.2011 short term top to 38.2% retracement of 1.0635 to 1.2011 at 1.1485 instead.

EUR/USD Daily Outlook

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally rise should be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516 ). This will remain the favored case as long as 1.1422 resistance turned support holds.

EUR/USD Daily Outlook

Reprinted from ActionForex，the copyright all reserved by the original author.

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Hot

Ferdanie Thompson
ok sir
Zacktrading
The bounce in EUR/USD last week looks to have run its course and a resumption of its previous slide lower is now possible.
AnnaZ
After making a Bias of the Dollar then knowing it impact see if it fits with the narrative of the Dollar strength, This one Works well..
MikeJohnson
now it is practically at the upper border at the level of 1.171. I expect the price to come up to the nearest resistance line and move downwards from there
Mary Grace
EUR/USD is predicted to close the week with modest gains and recovering part of the ground lost during the previous’ week sharp pullback to the boundaries of 1.1600 the figure.

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