EUR/USD Daily Analysis
Intraday bias in EUR/USD is back on the upside as a rebound from 0.9951 is now trying to resume. The further rise should be seen to 1.0348 resistance first. Break there will target channel resistance at 1.0452. On the downside, the break of 1.0095 minor support will turn bias back to the downside, and bring a retest of 0.9951 low instead.
In the bigger picture, the downtrend from 1.6039 (2008 high) is still in progress. The next target is a 100% projection of 1.3993 to 1.0339 from 1.2348 at 0.8694. In any case, the outlook will stay bearish as long as the 1.0773 resistance holds, in case of a strong rebound.
