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Daily Pivots: (S1) 186.37; (P) 188.64; (R1) 189.89; More… In the bigger picture, fall from 208.09 medium term top is seen as correcting the up trend from 148.93 (2022 low). 38.2% retracement of 148.93 to 208.09 at 185.49 is already met. Decisive break there will argue that even larger scale correction is already underway. For […]

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06/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8521; (P) 0.8571; (R1) 0.8619; More…. Intraday bias in EUR/GBP remains on the upside at this point. Further rise should be seen to 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next. On the downside, though, below 0.8550 minor support will turn […]
03/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0736; (P) 1.0758; (R1) 1.0790; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0723. But risk will stay on the downside as long as 1.0834 support turned resistance holds, in case of recovery. Below 1.0723 will bring retest of 1.0694 support first. Decisive break there will resume the whole decline […]
27/04/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend resumed last week and accelerated to as high as 169.38. Initial bias remains on the upside this week. Next target is 169.96 high the downside, below 167.76 minor support will turn intraday bias neutral and bring consolidations. But pull back should be contained well above 165.33 resistance turned support to bring another […]