Oct 04, 2022

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9770; (P) 0.9808; (R1) 0.9862; 

When 0.9863 supports was broken and converted into resistance, the intraday bias in EUR/USD shifted back to the upward for the 55 day EMA (now at 1.0033).

In light of the Daily MACD’s bullish convergence situation, a prolonged breach there will increase the likelihood of a medium-term bottoming out around 0.9534.

Then another surge should be expected to the 1.0283 38.2% retracement of the 1.1494 to 0.9534 range. However, a break of the 0.9734 minor supports will result in a retest of the 0.9534 low on the downside.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active.

The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In any event, the first indication of a medium-term bottoming out is a breach of the 1.0197 resistance level. Otherwise, even with a robust comeback, the prognosis would remain negative.

Oct 03, 2022

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9740; (P) 0.9797; (R1) 0.9859; 

The EUR/intraday USD’s bias is still neutral, and the forecast is unaltered. If 0.9634’s minor support is broken, it may be a sign that the wider downward trend is about to restart. For 0.9534 and lower, the intraday bias will go back to the downside.

However, a sustained breach of 0.9863 will signal the bottoming out of the near term and instead trigger a bigger rally into the 1.0197 barrier.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active.

The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In any event, the first indication of a medium-term bottoming out is a breach of the 1.0197 resistance level.

Otherwise, even with a robust comeback, the prognosis would remain negative.

Sep 30, 2022

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9694; (P) 0.9755; (R1) 0.9874;

The 0.9863 support turned resistance maintains the EUR/neutral USD’s intraday bias and negative outlook. Breaking of 0.9634 would indicate that the wider downward trend is about to resume.

For 0.9534 and lower, the intraday bias will go back to the downside. However, a sustained break of 0.9863 will signal the bottoming out of the near term and instead trigger a bigger rally into the 1.0197 barrier.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active.

 The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In any case, the first indication of a medium-term bottoming out is a break of the 1.0197 resistance level. Otherwise, even with a robust rebound, the outlook will remain negative.

Sep 29 2022, 03:01 GMT

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9600; (P) 0.9675; (R1) 0.9814;   

At this point, the intraday bias in the EUR/USD remains unchanged. The 0.9534 consolidation could continue.

However, in order to start the decline again, upside should be constrained by 0.9863 support became resistance. If 0.9534 is broken, the broader downward trend will resume with the 161.8% prediction of 1.0368 to 0.9863 from 1.0197 at 0.9380 as the next target.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active.

The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In any case, the first indication of a medium-term bottoming out is a break of the 1.0197 resistance level. Otherwise, even with a robust rebound, the outlook will remain negative.

Sep 27, 2022, 09:00PM+7:00

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9538; (P) 0.9624; (R1) 0.9694; 

The EUR/USD intraday bias has shifted to neutral, with a temporary low at 0.9551. Some consolidations may occur, but the upside should be constrained by the 0.9863 support turned resistance.

 If 0.9551 is broken, the larger downtrend will resume to 161.8% projection of 1.0368 to 0.9863 from 1.0197 at 0.9380.

In the larger picture, the downtrend from 1.6039 (the 2008 high) continues. The next target is a 100% projection from 1.3993 to 1.0339 at 0.8694.

In any case, a break of the 1.0197 resistance level is required to be the first sign of a medium-term bottom. Otherwise, even with a strong rebound, the outlook will remain bearish.

Sep 22, 2022, 10:30PM+7:00

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9774; (P) 0.9876; (R1) 0.9940

At this point, the intraday bias in EUR/USD is still negative. The current downward trend should aim for a 100% prediction from 1.0197 at 0.9692 to 1.0368 to 0.9863. A strong breach there might cause the decline to accelerate and hit the projected 161.8% level at 0.9380.

Above the minor resistance level of 0.9943 on the upside will first neutralize the intraday bias. In the event of a recovery, the picture will remain negative as long as the 1.0197 resistance holds.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active.

 The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In any case, the first indication of a medium-term bottoming out is a break of the 1.0197 resistance level. Otherwise, even with a robust rebound, the outlook will remain negative.

Sep 16 2022, 12:40Pm + 7:00

VOT Research Desk

Analytical Viewpoint EUR/ USD

Daily Pivots: (S1) 0.9963; (P) 0.9991; (R1) 1.0025;

The EUR/USD has a little negative bias for retesting the 0.9863 low. A sustained break there will restart the larger downward trend.

On the upside, a break of the resistance above 1.0368 will increase the likelihood of a broader trend reversal.

 In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active.

The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In the event of a substantial rebound, the picture will remain bearish so long as the 1.0368 resistance holds. The medium-term bottom, which is now around 0.9863, will be confirmed with a firm breach of 1.0368.

Sep 15 2022, 4:01 GMT

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9949; (P) 0.9986; (R1) 1.0017; 

At this point, the intraday bias in EUR/USD remains somewhat negative. Deeper decline might be observed to first retest the 0.9863 low. A sustained break there will restart the larger downward trend. On the upside, a break of the resistance above 1.0368 will increase the likelihood of a broader trend reversal.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active. The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In the event of a substantial rebound, the picture will remain bearish so long as the 1.0368 resistance holds.

The medium-term bottom, which is now around 0.9863, will be confirmed with a firm breach of 1.0368.

Sep 15 2022, 07:01 GMT

VOT Research Desk

Analytical Viewpoint EUR/USD

Daily Pivots: (S1) 0.9949; (P) 0.9986; (R1) 1.0017; 

The forecast for EUR/USD remains unchanged, and the intraday bias is still slightly in favour of retesting the 0.9863 low.

A sustained break there will restart the larger downward trend. On the upside, a break of the resistance above 1.0368 will increase the likelihood of a broader trend reversal.

In the overall scheme of things, the downward trend from 1.6039 (the 2008 high) is still active. The next aim is a 100% forecast from 1.2348 at 0.8694 to 1.3993 at 1.0339. In the event of a substantial rebound, the picture will remain bearish so long as the 1.0368 resistance holds.

The medium-term bottom, which is now around 0.9863, will be confirmed with a firm breach of 1.0368.