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EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. On the downside, break of 166.73 minor support will turn bias back to the downside to start the third leg. […]

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EUR/USD Weekly Outlook

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16/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9662; (P) 0.9702; (R1) 0.9721; More… No change in EUR/CHF’s outlook as correction from 0.9847 is in progress. Intraday bias stays mildly on the downside for 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for […]
31/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0798; (P) 1.0822; (R1) 1.0855; More…. Focus is now on 1.0894 in EUR/USD with today’s strong bounce. Firm break there will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, […]
09/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0833; (P) 1.0847; (R1) 1.0874; More… Intraday bias in EUR/USD is back on the upside with break of 1.0875 resistance. Rise from 1.0723 would now target 1.0941 resistance first. On the downside, though, below 1.0848 minor support will turn intraday bias neutral gain. In the bigger picture, price actions from 1.1274 are […]