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Daily Pivots: (S1) 149.66; (P) 150.11; (R1) 150.51; More… Immediate focus is now on 149.20 support in USD/JPY. Firm break there will suggest that price actions from 150.87 are correcting whole rally from 140.25 at least, with prospect of reversing the whole move. Intraday bias will be back to the downside for channel support (now […]

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EUR/USD Daily Outlook

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EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0858; (R1) 1.0875; More… Immediate focus is now on 1.0887 resistance in EUR/USD with today’s rally. Firm break there will resume whole rise from 1.0694. Also, sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. In this case, intraday bias […]
07/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0885; (R1) 1.0929; More… Intraday bias in EUR/USD is turned neutral first with current retreat, and some consolidations would be seen below 1.0914 temporary top first. But further rally will remain in favor as long as 1.0795 support holds. Above 1.0914 will resume the rebound from 1.0694 towards 1.1138 resistance […]
27/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.94; (P) 164.17; (R1) 164.39; More… Intraday bias in EUR/JPY remains neutral for consolidations below 165.33. Downside of current retreat should be contained by 55 4H EMA (now at 163.57) to bring rebound. On the upside, break of 165.33 will resume larger up trend to 61.8% projection of 153.15 to 163.70 from […]