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Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. EUR/USD recovered after breaching 1.0667 briefly and intraday bias remains neutral. Outlook stays outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of […]

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21/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0846; (P) 1.0865; (R1) 1.0877; More… Intraday bias in EUR/USD remains neutral as consolidation continues below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at […]
13/04/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2892 resumed accelerated to as low as 1.2425 last week. Initial bias stays on the downside this week for 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354. Firm break there will target 161.8% projection at 1.2207 next. On the upside, above 1.2510 minor resistance will turn bias neutral and bring […]
05/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3841; (P) 1.3866; (R1) 1.3899; More… USD/CAD’s rally continues today and intraday bias stays on the upside. Current rise from 1.3176 should target r 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. For now break of 1.3786 support is needed to indicate short term topping. Otherwise, outlook will remain […]