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Daily Pivots: (S1) 0.8921; (P) 0.8945; (R1) 0.8962; More…. Intraday bias in USD/CHF remains neutral for the moment and more sideway trading could be seen. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue […]

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EUR/USD Mid-Day Outlook

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25/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0888; (R1) 1.0929; More… Intraday bias in EUR/USD stays neutral first, as it quickly retreated after brief breach of 1.0915 minor resistance. On the downside, break of 1.0821 will resume the fall from 1.1138 to 1.0722 support. On the upside, above 1.0931 will resume the rebound towards 1.1138 resistance. In […]
07/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.33; (P) 148.62; (R1) 148.96; More… No change in USD/JPY’s outlook as intraday bias stays neutral. Focus stays on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. […]
17/03/2024

EUR/USD Weekly Outlook

EUR/USD’s fall last week indicates short term topping at 1.0980. Initial bias stays on the downside this week for 55 D EMA (now at 1.0853). Sustained break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will stay on the downside as long as 1.0980 resistance […]