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EUR/CHF reversed after edging higher to 0.9506 but stays above 0.9305 support. Initial bias remains neutral this week first. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. However, break of 0.9305 will resume the fall for 0.9579 to retest 0.9209 low. In the bigger picture, medium term corrective pattern […]

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30/11/2023

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9563; (P) 0.9608; (R1) 0.9632; More… EUR/CHF’s fall from 0.9683 accelerated to as low as 0.9547 so far today. The development confirms rejection by 0.9691 resistance, and dampened the case of larger bullish reversal. Intraday bias is now on the downside for 61.8% retracement level of 0.9416 to 0.9683 at 0.9518. Sustained […]
11/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.02; (P) 164.51; (R1) 165.01; More… Intraday bias in EUR/JPY remains neutral at this point. Consolidation from 165.33 is possibly extending with another falling leg, and deeper decline could be seen. But outlook stays bullish as long as 162.59 support holds. On the upside, firm break of 165.33 will resume larger up […]
28/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3205; (P) 1.3236; (R1) 1.3291; More… GBP/USD’s rally is still in progress despite some loss of momentum as seen in 4H MACD. Intraday bias stays on the upside for Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3179 minor support will […]