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Daily Pivots: (S1) 1.1130; (P) 1.1165; (R1) 1.1229; More…. Intraday bias in EUR/USD Is turned neutral first with current retreat and some consolidations would be seen. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from […]

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14/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0750; (P) 1.0778; (R1) 1.0800; More… EUR/USD’s fall from 1.1138 resumed by breaking 1.0722 support today. More importantly, current development argues that whole rise from 1.0477 has already finished. Intraday bias is back on the downside for 1.0447. On the upside, break of 1.0804 resistance is needed to signal short term bottoming. […]
06/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8431. Upside of recovery should be limited by 0.8711 resistance to bring another fall. On the downside, below 0.8431 will resume the decline from 0.9223 to retest 0.8332 low. In the bigger picture, price actions from 0.8332 […]
04/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2624; (R1) 1.2685; More… Immediate focus is now on 1.2667 resistance. Firm break there will suggest that fall from 1.2892 has completed at 1.2538. Intraday bias will be turned back to the upside for 1.2802 resistance next. On the downside, below 55 4H EMA (now at 1.2628) will bring retest […]