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USD/CHF’s fall from 0.9049 continued last week despite interim recovery. As noted before, rebound from 8825 should have completed after rejection by channel resistance. Deeper decline is expected as long as 0.9000 resistance holds, to 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 […]

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EUR/CHF Daily Outlook

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19/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8507; (P) 0.8523; (R1) 0.8534; More…. Intraday bias in EUR/GBP remains on the downside at this point. Correction from 0.8624 is in progress for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring […]
18/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8570; (P) 0.8593; (R1) 0.8615; More…. EUR/GBP is extending consolidation from 0.8548 and intraday bias remains neutral at this point. Further decline is expected as long as 0.8648 support turned resistance holds. On the downside, break of 0.8548 will resume the decline from 0.8764 to retest 0.8419 low next. However, sustained break […]
04/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More… Intraday bias in EUR/USD remains on the upside at this point. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Further rally would be seen to 1.0941/0980 resistance zone. On the downside, though, below 55 4H EMA (now at 1.0807) […]