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EUR/USD’s decline from 1.1138 extended lower last week but continued to lose downside momentum. Break of 1.0779 will resume the fall, but considering bullish convergence condition in 4H MACD, downside could be contained by 1.0722 support. On the upside, break of 1.0896 will turn bias back to the upside for stronger rebound towards 1.1138. However, […]

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EUR/CHF Weekly Outlook

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GBP/USD Daily Outlook

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06/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8521; (P) 0.8571; (R1) 0.8619; More…. Intraday bias in EUR/GBP remains on the upside at this point. Further rise should be seen to 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next. On the downside, though, below 0.8550 minor support will turn […]
24/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9875; (P) 0.9896; (R1) 0.9909; More…. Intraday bias in EUR/CHF is turned neutral again as it retreated after edging higher to 0.9914. On the downside, break of 0.9876 minor support will turn bias back to the downside for retreat, back to 0.9728/9835 support zone. On the upside, sustained break of 61.8% projection […]
09/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9390; (P) 0.9428; (R1) 0.9500; More…. Intraday bias in EUR/CHF remains neutral and further decline is expected with 0.9476 support turned resistance intact. On the downside, below 0.9354 minor support will bring retest of 0.9209 first. Firm break there will resume larger fall from 0.9928 to 161.8% projection of 0.9928 to 0.94767 […]