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Daily Pivots: (S1) 1.2617; (P) 1.2629; (R1) 1.2653; More… Range trading continues in GBP/USD and intraday bias remains neutral. Risk stays on the downside as long as 55 4H EMA (now at 1.2667) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from […]

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EUR/GBP Daily Outlook

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04/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6346; (P) 1.6403; (R1) 1.6510; More… While EUR/AUD’s rebound from 1.6256 extended, upside is capped below 1.6580 resistance so far. Intraday bias remains neutral and fall from 1.7180 is still in favor to continue. On the downside, break of 1.6256 support will target 1.5996 key support level next. However, decisive break of […]
03/02/2024

EUR/CHF Weekly Outlook

EUR/CHF’s pull backed from 0.9471 continued last week but lost momentum and turned sideway after hitting 0.9304. Initial bias remains neutral this week first. While another decline cannot be ruled out, downside should be contained above 0.9252 low to bring rebound. On the upside, firm break of 0.9363 minor resistance will argue that the correction […]
23/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.20; (P) 170.93; (R1) 171.79; More… Range trading continues in EUR/JPY above 169.98 temporary low and intraday bias stays neutral. Further decline is expected as long as 172.91 resistance holds. Below 169.98 will target 38.2% retracement of 153.15 to 175.41 at 166.90, as a correction to whole rise from 153.15. On the […]