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Daily Pivots: (S1) 1.6499; (P) 1.6546; (R1) 1.6582; More… Further decline is expected in EUR/AUD with 1.6662 resistance intact. Firm break of 1.6449 support will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is ready to resume through 1.6319. On the upside, above 1.6662 minor […]

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12/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8562; (R1) 0.8573; More…. Intraday bias in EUR/GBP remains neutral for the moment. Some consolidations would be seen below 0.8624, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of 0.8624 […]
22/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8536; (P) 0.8587; (R1) 0.8614; More…. Immediate focus is now on 0.8551 support in USD/CHF. Strong support could be seen there to bring rebound. Break of 0.8650 minor resistance will indicate short term bottoming, and turn bias back to the upside for 0.8819 resistance. However, sustained break of 0.8551 could trigger downside […]
08/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is mildly on the upside for retesting 1.2826 high. Decisive break there will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 medium […]