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Daily Pivots: (S1) 0.8743; (P) 0.8764; (R1) 0.8797; More…. Range trading continues in USD/CHF and intraday bias stays neutral at this point. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain […]

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EUR/USD Mid-Day Outlook

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29/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9762; (P) 0.9780; (R1) 0.9797; More… Intraday bias in EUR/CHF remains neutral at this point. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 to retest 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the corrective pattern form […]
15/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More… Intraday bias in EUR/JPY is turned neutral first as it retreated ahead of 161.84 resistance On the upside, firm break of 161.84 will confirm resumption of whole rise from 153.15. Next target is a retest on 164.29 high. On the downside, however, below 160.36 will extend […]
13/01/2024

EUR/CHF Weekly Outlook

EUR/CHF’s recovery from 0.9252 short term bottom extended higher last week, but upside was capped below 0.9402 support turned resistance. Initial bias remains neutral this week and outlook staying bearish. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next. In the […]