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EUR/USD rebounded strongly to 1.0875 last week but retreated since then. Yet there was no follow through selling. Initial bias is turned neutral this week first. On the downside, decisive break of 1.0694/0723 support zone will resume whole fall from 1.1138. On the upside, though, break of 1.0875 will resume the rebound from 1.0723 towards […]

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09/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9274; (P) 0.9296; (R1) 0.9309; More… EUR/CHF is still bounded in consolidation above 0.9252 and intraday bias remains neutral for the moment. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend […]
02/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0692; (P) 1.0708; (R1) 1.0731; More…. EUR/USD edged higher to 1.0775 earlier today but failed to break through 55 D EMA (now at 1.0773) and retreated. Intraday bias stays neutral first. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should […]
06/04/2024

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9094 last week but retreated again. Initial bias remains neutral this week for consolidations. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger rise from 0.8332 to 0.9243 key resistance. In the […]