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Daily Pivots: (S1) 0.8408; (P) 0.8425; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral and some more consolidations could be seen above 0.8396 temporary low. But outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, […]

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01/06/2024

EUR/CHF Weekly Outlook

Considering bearish divergence condition in D MACD, EUR/CHF might have formed a medium term at 0.9928 with last week’s steep decline. Risk will now stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery. Break of 0.9768 and sustained trading below 55 D EMA (now at 0.9765), will bring deeper […]
04/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8406; (P) 0.8420; (R1) 0.8435; More… EUR/GBP is staying in consolidation from 0.8399 and intraday bias remains neutral. Stronger recovery cannot be ruled out but further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will […]
18/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9135; More…. USD/CHF is extending the consolidation pattern from 0.9151 and intraday bias remains neutral. Deeper pull back cannot be ruled out. But further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 0.9243 key resistance next. In the bigger picture, price […]