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Daily Pivots: (S1) 1.6477; (P) 1.6523; (R1) 1.6564; More… Intraday bias in EUR/AUD remains neutral for the moment, as consolidation from 1.6671 is extending. Further rise is expected as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to […]

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24/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0794; (P) 1.0827; (R1) 1.0850; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 already. However, firm break of 1.0810 will dampen […]

AUD/USD Daily Report

Daily Pivots: (S1) 0.6586; (P) 0.6619; (R1) 0.6641; More… While AUD/USD’s retreat from 0.6713 extends lower, it’s staying above 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579. Intraday bias remains neutral for the moment, and further rally is in favor. As noted before, fall from 0.6870 has probably completed with three waves […]
10/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD’s break of 1.0790 support argues that rebound from 1.0723 has completed at 1.0884 already. Intraday bias is back on the downside of 1.0723 support. Break there will target 1.0694 support next. For now, risk will stay mildly on the downside as long as 1.0884 resistance […]