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EUR/CHF rebounded further to 0.9797 last week but retreated since then. Initial bias is turned neutral this week for consolidations. But further rally is expected as long as 0.9708 minor support holds. Break of 0.9797 will target a retest on 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the […]

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EUR/USD Weekly Outlook

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02/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2646; (P) 1.2699; (R1) 1.2739; More… No change in GBP/USD’s outlook and intraday bias remains neutral. Consolidation from 1.2826 is extending and deeper fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 resistance will suggest that consolidation pattern […]
15/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0858; (P) 1.0907; (R1) 1.0932; More… EUR/USD’s break of 55 4H EMA (now at 1.0900) indicates short term topping at 1.0980. Intraday bias is back on the downside for 1.0797 support. Firm break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]
19/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2716; (P) 1.2731; (R1) 1.2745; More… Intraday bias in GBP/USD remains on the downside as fall from 1.2892 is in progress. Sustained break of 55 D EMA (now at 1.2677) will target 1.2517 structural support next. On the upside, above 1.2758 minor resistance will turn intraday bias neutral first. In the bigger […]