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Daily Pivots: (S1) 0.8667; (P) 0.8691; (R1) 0.8713; More… For now, further rally could still be seen in EUR/GBP with 0.8649 intact. Rebound from 0.8548 could extend to 0.8764 key resistance. Nevertheless, break of 0.8649 will argue that the rebound has completed, and turn bias back to the downside for 0.8548 support instead. In the […]

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EUR/USD Daily Outlook

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12/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8453; (P) 0.8491; (R1) 0.8561; More… Intraday bias in USD/CHF remains neutral for the moment Rejection by 0.8536 resistance will retain near term bearishness. Break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in […]
13/04/2024

EUR/CHF Weekly Outlook

EUR/CHF’s decline last week indicates short term topping at 0.9847, on bearish divergence condition in 4H MACD. Initial bias is mildly on the downside for 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for sideway trading. Nevertheless, for […]
07/01/2024

EUR/USD Weekly Outlook

A short term top was in place at 1.1138 in EUR/USD with last week’s pull back. But as it recovered after dipping to 1.0876, initial bias is neutral this week first. On the downside, below 1.0876 will target 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 […]