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Daily Pivots: (S1) 1.1087; (P) 1.1138; (R1) 1.1170; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.1200. Downside of retreat should be contained above 1.1007 resistance turned support. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 high. […]

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EUR/JPY Daily Outlook

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27/07/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale […]
26/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3465; (P) 1.3542; (R1) 1.3586; More… Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3946 is in progress for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above 1.3617 resistance will turn intraday bias neutral first. In the bigger picture, current development […]
21/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8532; (P) 0.8546; (R1) 0.8555; More… Range trading continues in EUR/GBP and intraday bias remains neutral. On the downside, decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]