[m.youssif]

Intraday bias in EUR/USD remains neutral and more consolidation could be seen below 1.4901 temporary top. But downside should be contained by 1.4492 support and bring another rise. Above 1.4901 will target 161.8% projection of 1.2873 to 1.386 from 1.3427 at 1.5024, which is close to 1.5 psychological level.

In the bigger picture, whole rise from 1.1875 is still in progress and should be targeting 1.5143 resistance and then 100% projection of 1.1875 to 1.418 from 1.2873 at 1.5279. Current development also affirms the case that medium term correction from 1.6039 was completed with three waves down to 1.1875 and the long term up trend might be resuming. Decisive break of 1.5279 projection target will indicate that rise from 1.1875 is developing into an impulsive wave that should take out 1.6039 high eventually. On the downside, break of 1.3860 support is needed to invalidate this view. Otherwise, outlook will remain bullish.

[m.youssif]

Intraday bias in EUR/USD remains neutral and more consolidation could be seen below 1.4901 temporary top. But downside should be contained by 1.4492 support and bring another rise. Above 1.4901 will target 161.8% projection of 1.2873 to 1.386 from 1.3427 at 1.5024, which is close to 1.5 psychological level.

In the bigger picture, whole rise from 1.1875 is still in progress and should be targeting 1.5143 resistance and then 100% projection of 1.1875 to 1.418 from 1.2873 at 1.5279. Current development also affirms the case that medium term correction from 1.6039 was completed with three waves down to 1.1875 and the long term up trend might be resuming. Decisive break of 1.5279 projection target will indicate that rise from 1.1875 is developing into an impulsive wave that should take out 1.6039 high eventually. On the downside, break of 1.3860 support is needed to invalidate this view. Otherwise, outlook will remain bullish.