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Daily Pivots: (S1) 0.9361; (P) 0.9380; (R1) 0.9407; More…. A temporary low is formed at EUR/CHF at 0.9351, inch above 61.8% retracement of 0.9209 to 0.9579 at 0.9350. Intraday bias is turned neutral for some consolidations. Further decline is expected as long as 0.9497 resistance holds. Firm break of 0.9350 will pave the way to […]

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EUR/USD Daily Outlook

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04/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2847; More….. GBP/USD’s rally from 1.2298 resumed by breaking through 1.2799 resistance. Intraday bias is back on the upside. Next target is 1.2892 resistance. For now, break of 1.2693 support is needed to indicate short term topping. Otherwise, outlook will stay cautiously bullish in case of retreat. In […]
23/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8413; (P) 0.8422; (R1) 0.8431; More…. Intraday bias in EUR/GBP is turned neutral again with 4H MACD crossed below signal line. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger […]
26/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.33; (P) 166.46; (R1) 168.09; More… A temporary low should be in place at 164.81 with current recovery. Intraday bias in EUR/JPY is turned neutral first. But risk will stay on the downside as long as 169.98 support turned resistance holds. On the downside, decisive break of 164.29 support turned resistance will […]