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Daily Pivots: (S1) 1.0760; (P) 1.0788; (R1) 1.0822; More… EUR/USD recovered after falling to 1.0754, and drew support from 55 D EMA (now at 1.0770). Intraday bias is turned neutral for consolidations. But another fall is in favor as long as 1.0894 minor resistance holds. Break of 1.0754 and sustained trading below 55 D EMA […]

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10/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8482; (P) 0.8507; (R1) 0.8549; More…. Intraday bias in USD/CHF stays neutral at this point. Consolidation from 0.8332 is in progress and stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from […]
13/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0745; (P) 1.0799; (R1) 1.0862; More…. Intraday bias in EUR/USD is turned neutral again first with current retreat. On the upside, firm break of 1.0915 will resume whole rise from 1.0601. On the downside, break of 1.0718 will resume the fall from 1.0915 instead. In the bigger picture, price actions from 1.1274 […]
06/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to […]