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Daily Pivots: (S1) 155.78; (P) 156.43; (R1) 157.41; More…. Intraday bias in EUR/JPY is turned neutral again with current recovery. But further decline is expected as long as 160.01 support turned resistance holds. Below 155.45 will bring retest of 154.40 low. Firm break there will resume whole decline from 175.41 to 153.15 support. In the […]

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EUR/USD Daily Outlook

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21/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rises further to as high as 1.6671 last week before retreating. The development suggests that corrective fall from 1.7062 has completed with three waves down to 1.6127 already. Further rise is expected as long as 1.6398 support holds. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. In the bigger picture, fall […]
15/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0599; (P) 1.0665; (R1) 1.0708; More… No change in EUR/USD’s outlook and intraday bias stays on the downside. Current fall is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0723 support turned resistance will turn intraday […]
18/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0873; (P) 1.0887; (R1) 1.0900; More… No change in EUR/USD and intraday bias stays on the downside. Fall from 1.0980 short term top would target 55 D EMA (now at 1.0856). Sustained break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]