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Daily Pivots: (S1) 1.0894; (P) 1.0922; (R1) 1.0975; More… EUR/USD’s rally continues in early US session and intraday bias stays on the upside. Current rise from 1.0694 should target a retest on 1.1138 resistance next. On the downside, below 1.0867 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, […]

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21/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8599; (P) 0.8625; (R1) 0.8654; More…. Further decline is expected in USD/CHF as long as 0.8710 resistance holds. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On the upside, however, break of 0.8710 will indicate short term bottoming, and turn bias back to the upside for stronger […]
15/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.04; (P) 161.48; (R1) 161.84; More… Intraday bias in EUR/JPY stays neutral at this point. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, and target […]
21/01/2024

EUR/USD Weekly Outlook

EUR/USD’s fall from 1.1138 resumed to 1.0843 last week, then recovered. Initial bias stays neutral this week for some consolidations. But further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. In […]