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Daily Pivots: (S1) 0.8355; (P) 0.8378; (R1) 0.8393; More… Intraday bias in EUR/GBP remains on the downside at this point. Sustained break of 55 D EMA (now at 0.8355) will argue that whole rebound from 0.8221 has completed at 0.8472 as a corrective move. Nevertheless, strong bounce from the 55 D EMA, followed by break […]

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EUR/USD Mid-Day Outlook

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6679; (P) 1.6715; (R1) 1.6756; More… Range trading continues in EUR/AUD below 1.6800 and intraday bias remains neutral. In case of another dip, strong support is expected from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 to contain downside. On the upside, firm break of 1.6800 will resume the rally from 1.5963. […]
25/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.57; (P) 167.39; (R1) 168.64; More… EUR/JPY’s steep decline from 175.41 extends further today and there is no sign of bottoming yet. Medium term channel support is also breached. Intraday bias stays on the downside for 164.29 key resistance turned support. Firm break there will argue that larger scale correction is underway […]
24/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0794; (P) 1.0827; (R1) 1.0850; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 already. However, firm break of 1.0810 will dampen […]