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Daily Pivots: (S1) 1.0768; (P) 1.0835; (R1) 1.0870; More…. EUR/USD’s steep decline today and strong break of 55 D EMA (now at 1.0810) indicates short term topping at 1.0915. more importantly, rebound from 1.0601 might have completed already, and EUR/USD is now is another falling leg of the corrective pattern from 1.1274. Intraday bias is […]

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11/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0911; (P) 1.0946; (R1) 1.0974; More… Intraday bias in EUR/USD is turned neutral with current retreat. Some consolidations would be seen below 1.0980 temporary top first. But further rise would remain in favor as long as 1.0797 support holds. Fall from 1.1138 could have completed at 1.0694, as a correction to rise […]
27/04/2024

EUR/USD Weekly Outlook

EUR/USD recovered further to 1.0752 last week but retreated since then. Initial bias is turned neutral this week first. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0677 minor support will turn intraday bias to the downside for retesting 1.0601 low. In […]
14/09/2024

EUR/GBP Weekly Outlook

EUR/GBP was still bounded in consolidation above 0.8399 last week and outlook is unchanged. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm break there will resume larger down trend. However, sustained break of 0.8485 […]