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Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. Intraday bias in EUR/USD remains on the downside for the moment. 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, deeper decline would be seen […]

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GBP/USD Daily Outlook

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02/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, rejection by 1.2702 will keep risk on the downside. Sustained trading below […]
07/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0753; (P) 1.0772; (R1) 1.0789; More… Intraday bias in EUR/USD is turned neutral with current retreat and some consolidations would be seen. But further rally will be mildly in favor as long as 1.0648 support holds. Above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. In the bigger picture, […]
16/04/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3744; (P) 1.3769; (R1) 1.3814; More… USD/CAD’s rally from 1.3176 is in progress and intraday bias remains on the upside. Decisive break of 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841 will pave the way to 138.2% projection at 1.3980. On the downside, below 1.3773 minor support will turn intraday […]