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Daily Pivots: (S1) 0.8429; (P) 0.8443; (R1) 0.8451; More… EUR/GBP is still bounded in consolidation from 0.8399 and intraday bias remains neutral. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm break there will resume […]

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30/11/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.24; (P) 161.75; (R1) 162.00; More…. EUR/JPY is extending the corrective fall from 164.29 and intraday bias remains on the downside. Deeper decline would be seen to 100% projection of 164.29 tot 161.22 from 163.77 at 160.63 and possibly below. But strong support should be seen from 159.75 resistance turned support to […]
02/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9373; (P) 0.9396; (R1) 0.9413; More…. Intraday bias in EUR/CHF remains neutral for consolidations above 0.9351 temporary low. As noted before, rebound from 0.9209 could have completed at 0.9579 already. Deeper fall is expected as long as 0.9455 minor resistance holds. Break of 0.9351 will target 0.9209 low next. However, break of […]
03/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9079; (P) 0.9126; (R1) 0.9155; More…. USD/CHF’s sharp fall and strong break of 0.9087 support confirms short term topping at 0.9223, after first rejection from 0.9243 key resistance. Intraday bias is back on the downside, and deeper fall would be seen to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the […]