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Daily Pivots: (S1) 1.0772; (P) 1.0789; (R1) 1.0810; More… EUR/USD’s fall from 1.0980 continues today and intraday bias remains on the downside. Next target is 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. For now, risk will stay on […]

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24/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0669; (P) 1.0695; (R1) 1.0719; More…. Intraday bias in EUR/USD remains neutral first and consolidation from 1.0667 could extend. But further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target 1.0601 and below. In the bigger […]
29/11/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.92; (P) 147.87; (R1) 148.43; More… Intraday bias in USD/JPY is turned neutral with breach of 147.70 minor resistance. Some consolidations could be seen, but risk will stay on the downside as long as 149.66 resistance holds. Below 146.65 will resume the fall from 151.89 to 100% projection of 151.89 to 147.14 […]
07/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8512; (R1) 0.8526; More…. Sideway trading continues in EUR/GBP and intraday bias stays neutral. Further decline is expected as long as 55 D EMA (now at 0.8546) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]