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Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8776 temporary low. Risk will stay on the downside as long as 0.8923 resistance holds. Break of 0.8776 will extend the fall from 0.9223 to 61.8% retracement of 0.8332 […]

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EUR/USD Weekly Outlook

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18/05/2024

EUR/USD Weekly Outlook

EUR/USD’s rally from 1.0601 resumed last week and further to 1.0894 before retreating. Initial bias remains neutral this week for consolidations first. 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 […]
11/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… Intraday bias in GBP/USD remains on the downside at this point. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to 100% […]
09/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8579; (P) 0.8600; (R1) 0.8611; More… EUR/GBP’s fall from 0.8713 is still in progress and intraday bias stays on the downside for retesting 0.8548 support. Firm break there will target 0.8491 low next. On the upside, above 0.8638 minor resistance will turn intraday bias neutral first. But risk will stay on the […]