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EUR/AUD edged lower to 1.5996 last week but recovered since then. Initial bias remains neutral this week first, and outlook stays bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there will target 1.5846 key […]

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EUR/USD Weekly Outlook

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04/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8504; (P) 0.8520; (R1) 0.8530; More…. Intraday bias in EUR/GBP stays neutral and outlook is unchanged. Further decline is expected as long as 55 D EMA (now at 0.8550) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]
19/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0947 temporary top. Downside of retreat should be contained by 1.0871 support to bring another rally. On the upside, break of 1.0947 will resume the rise from 1.0601 and target 100% projection of 1.0601 to 1.0915 from […]
28/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.53; (P) 161.35; (R1) 161.83; More…. Intraday bias in EUR/JPY remains neutral as consolidations continue below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]