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EUR/USD’s rally from 1.0601 resumed last week and further to 1.0894 before retreating. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has […]

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05/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More… Intraday bias in EUR/USD is turned neutral with current retreat. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Above 1.0875 will target 1.0941/0980 resistance zone. On the downside, though, sustained trading below 55 4H EMA (now at 1.0814) will […]
23/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 202.15; (P) 202.88; (R1) 203.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Fall from 208.09, as a correction to whole rise from 178.32, is in progress. Sustained break of 55 D EMA (now at 201.13) will target 38.2% retracement of 178.32 to 208.09 at 196.71. Nevertheless, break […]
25/05/2024

EUR/GBP Weekly Outlook

EUR/GBP fell to as low as 0.8498 last week but recovered just ahead of 0.8491/7 support zone. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 55 D EMA (now at 0.8564) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level […]