Logo-color Logo-white

EUR/USD reversed after edging higher to 1.1016. With breach of 1.0851 support, a short term top should be in place on bearish divergence condition in 4H MACD. Initial bias is mildly on the downside this week for 55 D EMA (now at 1.0766). On the upside, however, break of 1.1016 will resume the rise from […]

The post EUR/USD Weekly Outlook appeared first on Action Forex.

previous

EUR/CHF Weekly Outlook

next

GBP/USD Weekly Outlook

Read More

20/04/2024

EUR/GBP Weekly Outlook

EUR/GBP rose strongly late last week and broke through 0.8601 resistance. The development argues that fall from 0.8764 has probably completed. Initial bias is now on the upside this week for medium term trend line resistance (now at 0.8650). On the downside, below 0.8571 minor resistance will turn intraday bias neutral again first. In the […]
14/09/2024

USD/CHF Weekly Outlook

USD/CHF recovered to 0.8548 last week but retreated since then. Initial bias stays neutral this week first and more sideway trading could be seen. But further decline will remain in favor as long as 0.8548 resistance holds. Break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate […]
20/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2695; (P) 1.2717; (R1) 1.2742; More… GBP/USD weakens after rejection by 55 4H EMA but stays above 1.2656 temporary low. Intraday bias remains neutral first. While another recovery cannot be ruled out, risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will […]