EURUSD 1.1315 – Short-term neutral – The 1.1254/1.1228 support zone is key
EURUSD pulled back off the 1.1373 high (September 14. 2015), turning the intraday bias to neutral. A swing low near the .1254/1.1228 support zone (as shown on the 240min chart) remains favored ahead of the next upleg through 1.1373 to challenge the 1.1413 resistance (August 26, 2015 high) ahead of the 1.1477 retracement (61.8% of the 1.1713/1.1086 fall). However, a break below the 1.1228 area would caution bulls and risk a deeper setback towards 1.1170 (September 10, 2015 low).
Outlook:
Intraday: neutral
Daily: bullish
Weekly: neutral
EURUSD pulled back off the 1.1373 high (September 14. 2015), turning the intraday bias to neutral. A swing low near the .1254/1.1228 support zone (as shown on the 240min chart) remains favored ahead of the next upleg through 1.1373 to challenge the 1.1413 resistance (August 26, 2015 high) ahead of the 1.1477 retracement (61.8% of the 1.1713/1.1086 fall). However, a break below the 1.1228 area would caution bulls and risk a deeper setback towards 1.1170 (September 10, 2015 low).
Outlook:
Intraday: neutral
Daily: bullish
Weekly: neutral
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