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Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… Intraday bias in GBP/USD stays mildly on the downside at hits point. Fall from 1.3265 short term top is in progress for 55 D EMA (now at 1.2949). Sustained break there will bring deeper fall to 1.2664 key support. On the upside, above 1.3111 minor resistance […]

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21/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9424; (P) 0.9443; (R1) 0.9460; More… Intraday bias in EUR/CHF remains neutral at this point. Consolidation from 0.9402 could extend further. But deeper decline is expected with 0.9543 resistance intact. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 […]
13/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.84; (P) 169.22; (R1) 169.78; More… Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break of […]
25/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0784; (P) 1.0826; (R1) 1.0850; More… Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0694 should have completed at 1.0980. Deeper fall would be seen to retest this low first. Break there will resume the decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from […]