Daily Pivots: (S1) 1.0599; (P) 1.0665; (R1) 1.0708;

Intraday bias in EUR/USD remains on the downside at this point. The current is part of the decline from 1.1138. The next significant target is a 100% projection of 1.1138 to 1.0694 from 1.0980, which is at 1.0536. This level is a crucial reference point for potential trading opportunities and risks. On the upside, above 1.0723, support turned resistance, turning intraday bias neutral and bringing consolidations before staging another fall.

In the bigger picture, we view the price actions from 1.1274 as a corrective pattern to rise from 0.9534 (the 2022 low), a comprehensive perspective. The current fall from 1.1138 is the third leg, a detailed analysis. A more profound decline would be seen to 1.0447 and possibly below, a thorough examination. Strong support should emerge from the 61.8% retracement of 0.9534 to 1.1274 at 1.0199 to complete the correction, a well-researched conclusion.

EUR/USD Weekly Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 13 24, 12:30 GMT

Let’s reiterate the key points: EUR/USD’s fall from 1.1138 resumed by breaking through 1.0694 last week, a significant event. Initial bias stays on the downside this week for a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next, a clear target. A firm break there will target 1.0447 support next, a potential outcome. On the upside, above 1.0698 minor resistance will turn intraday bias neutral and bring consolidations before staging another decline, a possible scenario.

In the bigger picture, we view the price actions from 1.1274 as a corrective pattern to rise from 0.9534 (the 2022 low), a comprehensive perspective. The current fall from 1.1138 is the third leg, a detailed analysis. A more profound decline would be seen to 1.0447 and possibly below, a thorough examination. Strong support should emerge from the 61.8% retracement of 0.9534 to 1.1274 at 1.0199 to complete the correction, a well-researched conclusion.

In the long-term picture, a long-term bottom is in place at 0.9534 on bullish convergence conditions in M MACD. While it’s still early to call for a bullish trend reversal, with the pair staying inside the falling channel in the monthly chart, sustained trading above 55 M EMA (now at 1.1050) and a break of 1.1274 resistance will significantly raise the chance of reversal. This potential reversal could lead the pair to target 1.2348 resistance for confirmation.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 12 24, 12:36 GMT

Daily Pivots: (S1) 1.0697; (P) 1.0727; (R1) 1.0755; 

EUR/USD’s decline extends through 1.0694 support today. This development confirms the resumption of the whole fall from 1.1138. Intraday bias stays on the downside for a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0723, support turned resistance, which will turn intraday bias neutral and bring consolidations first before staging another fall.

In the bigger picture, we view the price actions from 1.1274 as a corrective pattern to rise from 0.9534 (the 2022 low), a comprehensive perspective. The current fall from 1.1138 is the third leg, a detailed analysis. A more profound decline would be seen to 1.0447 and possibly below, a thorough examination. Strong support should emerge from the 61.8% retracement of 0.9534 to 1.1274 at 1.0199 to complete the correction, a well-researched conclusion.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 12 24, 05:40 GMT

Daily Pivots: (S1) 1.0697; (P) 1.0727; (R1) 1.0755; 

The intraday bias in EUR/USD remains on the downside, with a decisive break of the 1.0694/0723 support zone potentially indicating a trend continuation. This zone is a critical level to watch, as a break could lead to the resumption of the fall from 1.1138. The next target is a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0766 minor resistance will first turn intraday bias neutral. However, the risk will stay on the downside as long as the 1.0884 resistance holds in case of recovery.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 11 24, 13:07 GMT

Daily Pivots: (S1) 1.0692; (P) 1.0779; (R1) 1.0830; 

The intraday bias in EUR/USD remains on the downside, with a decisive break of the 1.0694/0723 support zone potentially indicating a trend continuation. This zone is a critical level to watch, as a break could lead to the resumption of the fall from 1.1138. The next target is a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0766 minor resistance will first turn intraday bias neutral. However, the risk will stay on the downside as long as the 1.0884 resistance holds in case of recovery.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 11 24, 05:07 GMT

Daily Pivots: (S1) 1.0692; (P) 1.0779; (R1) 1.0830; 

Intraday bias in EUR/USD remains on the downside for the 1.0694/0723 support zone. A decisive break there will resume the whole fall from 1.1138. The next target is a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0790 minor resistance will first turn intraday bias neutral. However, the risk will stay on the downside as long as the 1.0884 resistance holds in case of recovery.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 10 24, 13:34 GMT

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; 

EUR/USD’s break of 1.0790 support argues that the rebound from 1.0723 has completed at 1.0884 already. Intraday bias is back on the downside of 1.0723 support. Break there will target 1.0694 support next. For now, risk will stay mildly on the downside as long as the 1.0884 resistance holds in case of recovery.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 10 24, 06:16 GMT

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; 

EUR/USD retreated after increasing to 1.0884, and intraday bias turned neutral again. A further rise would be in favour as long as 1.0790 minor support holds. Above 1.0884, the rebound from 1.0723 to 1.0941 resistance will resume first. However, a break of 1.0790 will turn the bias back to the downside for 1.0723 instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 09 24, 13:31 GMT

Daily Pivots: (S1) 1.0833; (P) 1.0847; (R1) 1.0874;

The intraday bias in EUR/USD is back on the upside with a break of 1.0875 resistance. A rise from 1.0723 would now target 1.0941 resistance first. On the downside, though, below 1.0848 minor support will turn intraday bias neutral gain.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 09 24, 06:27 GMT

Daily Pivots: (S1) 1.0833; (P) 1.0847; (R1) 1.0874; More…

Intraday bias in EUR/USD remains neutral, and the outlook is unchanged. On the downside, a decisive break of the 1.0694/0723 support zone will resume the fall from 1.1138. On the upside, though, a break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 08 24, 14:00 GMT

Daily Pivots: (S1) 1.0803; (P) 1.0826; (R1) 1.0859; More…

Outlook in EUR/USD is unchanged, and intraday bias stays neutral first. On the downside, a decisive break of the 1.0694/0723 support zone will resume the fall from 1.1138. On the upside, though, a break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 08 24, 05:22 GMT

Daily Pivots: (S1) 1.0803; (P) 1.0826; (R1) 1.0859; More…

Intraday bias in EUR/USD remains neutral for the moment. On the downside, a decisive break of the 1.0694/0723 support zone will resume the fall from 1.1138. On the upside, though, a break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Weekly Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 06 24, 14:03 GMT

EUR/USD rebounded strongly to 1.0875 last week but has retreated. Yet there has to be follow-through selling. The initial bias was turned neutral this week. On the downside, a decisive break of the 1.0694/0723 support zone will resume the fall from 1.1138. On the upside, though, a break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

In the long-term picture, a long-term bottom is in place at 0.9534 on bullish convergence conditions in M MACD. While it’s still early to call for a bullish trend reversal, with the pair staying inside the falling channel in the monthly chart, sustained trading above 55 M EMA (now at 1.1050) and a break of 1.1274 resistance will significantly raise the chance of reversal. This potential reversal could lead the pair to target 1.2348 resistance for confirmation.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 05 24, 13:37 GMT

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More…

Intraday bias in EUR/USD is back on the downside with a break of 55 4H EMA (now at 1.0814). A deeper fall would be seen to retest the 1.0694/0723 support zone. On the upside, the break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 05 24, 05:43 GMT

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More…

Intraday bias in EUR/USD is turned neutral with the current retreat. The rise from 1.0723 is the third leg of the corrective pattern from 1.0694. Above 1.0875 will target the 1.0941/0980 resistance zone. On the downside, though, a sustained trading below 55 4H EMA (now at 1.0814) will bring a retest of 1.0694/0723 support zone instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 04 24, 12:57 GMT

Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More…

The intraday bias in EUR/USD remains on the upside at this point. The rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. A further rally would be seen to the 1.0941/0980 resistance zone. On the downside, though, below the 55 4H EMA (now at 1.0807) will bring a retest of the 1.0694/0723 support zone instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 04 24, 06:26 GMT

Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More…

A break of 1.0834 support turned resistance argues that the fall from 1.0980 has completed with three waves down to 1.0723. The rise from there is currently seen as the third leg of the corrective pattern from 1.0694. Intraday bias is back on the upside for the 1.0941/0980 resistance zone. On the downside, though, below 55 4H EMA (now at 1.0807) will bring a retest of the 1.0694/0723 support zone instead.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 03 24, 13:13 GMT

Daily Pivots: (S1) 1.0736; (P) 1.0758; (R1) 1.0790; More…

Intraday bias in EUR/USD remains neutral for consolidation above 1.0723. However, the risk will stay on the downside as long as 1.0834 support turns resistance and holds in case of recovery. Below 1.0723 will bring a retest of 1.0694 support first. A decisive break will resume the decline from 1.1138 and target a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Daily Outlook

• Technical Outlook
• EURUSD Outlook

FX Live – Apr 03 24, 05:42 GMT

Daily Pivots: (S1) 1.0736; (P) 1.0758; (R1) 1.0790; 

With the current recovery, the intraday bias in EUR/USD has turned neutral, and some consolidation will be seen first. However, the risk will stay on the downside as long as 1.0834 support turns resistance and holds in case of recovery. Below 1.0723 will bring a retest of 1.0694 support first. A decisive break will resume the decline from 1.1138 and target a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While further rallies could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.

EUR/USD Mid-Day Outlook

• Technical Outlook
• EURUSD Outlook

Apr 02 24, 13:15 GMT

Daily Pivots: (S1) 1.0716; (P) 1.0758; (R1) 1.0784; 

EUR/USD’s decline is still in progress, and intraday bias remains on the downside for 1.0694 support. A decisive break will resume the decline from 1.1138 and target a 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0767 minor resistance will turn intraday bias neutral first. However, the risk will stay on the downside as long as 1.0834 support turns resistance and holds in case of recovery.

In the bigger picture, price actions from 1.1274 are considered a corrective pattern to rise from 0.9534 (2022 low). The rise from 1.0447 is seen as the second leg. While a further rally could not be ruled out, the upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, a sustained break of 1.0694 support will argue that the third leg has already started for 1.0447 and possibly below.