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Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. EUR/USD’s fall from 1.1213 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, […]

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01/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9765; (P) 0.9791; (R1) 0.9833; More… Intraday bias in EUR/CHF is back on the upside with break of 0.9800 temporary top. Retest of 0.9847 resistance should be seen. Firm break there will resume larger rise from 0.9252 to 61.8% projection of 0.9252 to 0.9847 from 0.9563 at 0.9931 next. Further rally is […]
21/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3330; (P) 1.3350; (R1) 1.3388; More… Further decline is expected in USD/CAD as long as 1.3408 minor resistance holds. Fall from 1.3897 would target a retest on 1.3091 support. Nevertheless, break of 1.3408 will indicate short term bottoming, and turn bias back to the upside for stronger rebound. In the bigger picture, […]
31/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8509; (R1) 0.8516; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8531 minor resistance holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. On the upside, break of 0.8531 will turn bias back to the […]