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Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8663; More… Intraday bias in USD/CHF is turned neutral first with current retreat. Further rally is expected as long as 0.8548 resistance turned support holds. Above 0.8668 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed […]

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30/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.07; (P) 160.28; (R1) 161.99; More…. Intraday bias in EUR/JPY stays on the downside for the moment. Current development suggest that corrective pattern from 154.40 might have completed with three waves to 163.47 already. Deeper decline would be seen o retest 154.40/155.14 support zone. For now, risk will stay mildly on the […]
29/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could still be seen. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance […]
02/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is probably still in progress. Intraday bias is back on the upside for retesting 1.0947 first. In the bigger picture, price […]