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Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0840; More… EUR/USD recovered today but stays in range of 1.0760/0871. Intraday bias remains neutral and further decline is still expected. On the downside, break of 1.0760 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 […]

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22/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3566; (P) 1.3604; (R1) 1.3631; More… Immediate focus is now on 1.3588 structural support as fall from 1.3946 extended. Strong support could be seen there to bring reversal. On the upside, above 1.3640 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will […]
16/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1063; (P) 1.1083; (R1) 1.1095; More…. Intraday bias in EUR/USD remains neutral at this point. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, however, sustained break of 38.2% retracement of 1.0665 to 1.1200 at […]
25/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.63; (P) 147.54; (R1) 148.44; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. As long as 145.97 support holds, further rally is in favor. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 key […]