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Daily Pivots: (S1) 1.6167; (P) 1.6231; (R1) 1.6286; More… EUR/AUD recovered after dipping to 1.6173 and intraday bias is turned neutral first. But outlook will stay bearish as long as 1.6418 resistance holds. Break of 1.6173 will resume the decline from 1.6742, as the third leg of the correction from 1.7062. Next target is 61.8% […]

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EUR/USD Mid-Day Outlook

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09/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9000) will bring deeper fall to […]
15/06/2024

EUR/JPY Weekly Outlook

EUR/JPY engaged in sideway trading most of last week but late break of 168.01 support is inline with the case that rise from 164.01 has completed already. Initial bias is back on the downside this week. Sustained trading below 55 D EMA (now at 167.41) will extend the fall from 170.87, as the third leg […]
26/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9466; (P) 0.9482; (R1) 0.9505; More…. Intraday bias in EUR/CHF Remains neutral for the moment. On the upside, sustained break of 55 D EMA (now at 0.9573) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will suggest rejection by 55 D EMA, and turn bias back […]