EUR/USD Daily Outlook
Daily Pivots: (S1) 1.4121; (P) 1.4209 (R1) 1.4364; More.
EUR/USD’s b break of 1.4371 minor resistance indicates that choppy pull back from 1.4537 has likely finished at 1.4054 already. Intraday bias is flipped back to the upside for retesting 1.4537 first. Break will confirm resumption of the whole rally from 1.3837 and should target 100% projection of 1.3837 to 1.4537 from 1.4054 at 1.4754 next. On the downside, though, below 1.4239 minor support will turn bias neutral and mix up the near term outlook again.
In the bigger picture, EUR/USD is
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