EUR/USD Mid-Day Outlook

EURJPY broke support zone  Likely to fall to support level 156.00 EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September. The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end […]

Daily Pivots: (S1) 1.3497; (P) 1.3518; (R1) 1.3545; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. While recovery from 1.3418 might extend higher, outlook will stay bearish as long as 1.3646 resistance holds. On the downside, break of 1.3418 will resume the fall from 1.3946 to 61.8% projection of 1.3946 to 1.3439 […]

Daily Pivots: (S1) 1.6156; (P) 1.6185; (R1) 1.6233; More… Intraday bias in EUR/AUD remains mildly on the downside, as fall from 1.6351 would extend to retest 1.6002 low. On the upside, however, break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. In the bigger picture, as long […]