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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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08/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9061; (P) 0.9078; (R1) 0.9100; More…. No change in USD/CHF’s outlook as intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9099) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9000) will bring deeper fall to […]
15/02/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8491; (P) 0.8513; (R1) 0.8526; More… Intraday bias in EUR/GBP is turned neutral with current recovery. But further decline is expected as long as 0.8571 resistance holds. Current fall is seen as part of the larger down trend. Break of 0.8497 will target 0.8464 projection level. In the bigger picture, fall from […]
09/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0962; (P) 1.0980; (R1) 1.0998; More…. EUR/USD dips mildly today but stays above 1.0950 temporary low. Intraday bias remains neutral at this point. Further decline is expected as long as 1.1043 resistance holds. Below 1.0950 will target 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall […]