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Daily Pivots: (S1) 1.0787; (P) 1.0807; (R1) 1.0833; More… EUR/USD falls notably after rejection by 55 4H EMA (now at 1.0832), but stays above 1.0760 temporary low. Intraday bias remains neutral first. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm […]

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EUR/AUD Daily Outlook

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03/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6279; (P) 1.6316; (R1) 1.6342; More…. Range trading continues in EUR/AUD above 1.6211 short term bottom and intraday bias remains neutral. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]
21/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9483; (P) 0.9526; (R1) 0.9549; More…. Intraday bias in EUR/CHF remains neutral as consolidations continues below 0.9579. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9584) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will suggest […]
19/12/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.78; (P) 154.32; (R1) 155.38; More… USD/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Break of 156.74 resistance should extend the whole rise from 139.57 to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. Outlook will now stay bullish as long as 153.15 […]