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Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Further decline remains mildly in favor in GBP/USD despite today’s recovery. Fall fall 1.2731 short term top would extend to 55 D EMA (now at 1.2445). Sustained break there will bring retest of 1.2036 low. However, firm break of 1.2611 will turn bias back to the […]

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USD/CHF Mid-Day Outlook

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22/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9873; (P) 0.9884; (R1) 0.9897; More…. Intraday bias in EUR/CHF is turned neutral first as it continued to lose upside momentum ahead of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899. Further rally is expected as long as 0.9835 resistance turned support holds. Firm break of 0.9899 will pave the […]
08/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0881; (P) 1.0939; (R1) 1.1002; More… Intraday bias in EUR/USD remains neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In the […]
17/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8408; (P) 0.8425; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral and some more consolidations could be seen above 0.8396 temporary low. But outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, […]