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Daily Pivots: (S1) 158.68; (P) 159.93; (R1) 160.82; More…. A temporary top is formed at 161.17with current retreat and intraday bias is turned neutral first. Some consolidations could be seen first but another rally is expected as long as 155.14 support holds. Above 161.17 will resume the rise from 155.14, as the third leg of […]

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EUR/USD Mid-Day Outlook

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01/06/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation above 1.6211 short term bottom last week. Initial bias stays neutral this week and more sideway trading could be seen. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]
19/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 157.50; (P) 157.87; (R1) 158.21; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But upside should be limited there, at least on first attempt. […]
14/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0924; (P) 1.0944; (R1) 1.0968; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0904) holds. Above 1.0980 will resume the rally from 1.0694 to retest 1.1138 high. However, sustained break of the EMA will turn bias to […]