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Daily Pivots: (S1) 0.8965; (P) 0.8978; (R1) 0.8991; More… USD/CHF is staying in range of 0.8942/9049 and intraday bias remains neutral. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term […]

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12/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More… Intraday bias in EUR/USD is turned neutral with a temporary low formed at 1.0722. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to […]
20/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral for the moment. Further decline is expected as long as 55 4H EMA (now at 1.0758) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break there […]
04/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More… Intraday bias in USD/JPY stays on the downside at this point. Fall from 151.89 is in progress and should target 145.06 key support level. On the upside, break of 148.50 resistance is needed to indicate short term bottoming. Otherwise, further decline with remain in favor in […]