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Daily Pivots: (S1) 1.0924; (P) 1.0944; (R1) 1.0968; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0904) holds. Above 1.0980 will resume the rally from 1.0694 to retest 1.1138 high. However, sustained break of the EMA will turn bias to […]

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09/03/2024

EUR/CHF Weekly Outlook

EUR/CHF edged higher to 0.9630 last week but turned sideway since then. Initial bias remains neutral this week first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. […]
30/11/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0947; (P) 1.0982; (R1) 1.1004; More… While EUR/USD’s pull back from 1.1016 extends lower today, it’s holding well above 1.0851 support. Intraday bias remains neutral first, and further rally is still expected. On the upside, firm break of 1.1016 will resume the rise from 1.0447 to 1.1274 resistance next. But strong resistance […]
12/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8552; (P) 0.8570; (R1) 0.8591; More…. EUR/GBP is still bounded in sideway consolidation despite brief dip to 0.8548. Intraday bias remains neutral at this point. IN case of another recovery, upside should be limited below 0.8648 support turned resistance to bring another decline. Below 0.8548 will target 0.8491 low first. Firm break […]