Logo-color Logo-white

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 […]

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

previous

EUR/CHF Weekly Outlook

next

USD/JPY Weekly Outlook

Read More

26/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Outlook in USD/JPY remains unchanged and intraday bias stays neutral first. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained break of 106.20 and 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will confirm long term up trend […]
14/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8594; (P) 0.8612; (R1) 0.8636; More…. Intraday bias in EUR./GBP stays neutral for the moment, and further decline is expected with 0.8648 support turned resistance intact. on the downside, break of 0.8548 will resume the fall from 0.8764 to 0.8491 support next. Firm break there will resume larger down trend. However, sustained […]
20/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2681; (P) 1.2708; (R1) 1.2747; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen but deeper decline is in favor as long as 1.2822 resistance holds. On the downside, sustained break of 55 D EMA (now at 1.2677) will target 1.2517 […]