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Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… USD/CHF’s rise from 0.8374 is in progress and intraday bias stays on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be seen to 61.8% retracement […]

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USD/CHF Daily Outlook

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EUR/USD Mid-Day Outlook

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16/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8570; (P) 0.8585; (R1) 0.8595; More… EUR/GBP’s break of 0.8585 minor support argues that rebound from 0.8529 has completed at 0.8619. Intraday bias is back on the downside for 0.8529 support. Decisive break there will argue that larger down trend is ready to resume. For now, risk will stay on the downside […]
22/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1108; (P) 1.1141; (R1) 1.1183; More…. EUR/USD’s rally is still in progress and intraday bias stays on the upside. With break of 1.1138 resistance, next target is 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1099 minor support will turn intraday bias neutral and bring consolidations […]
03/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0736; (P) 1.0758; (R1) 1.0790; More… Intraday bias in EUR/USD is turned neutral with current recovery and some consolidation would be seen first. But risk will stay on the downside as long as 1.0834 support turned resistance holds, in case of recovery. Below 1.0723 will bring retest of 1.0694 support first. Decisive […]