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Daily Pivots: (S1) 0.6633; (P) 0.6679; (R1) 0.6704; More… AUD/USD recovered quickly after brief breach of 0.6657 and intraday bias stays neutral first. Further decline is expected as long as 0.6758 resistance holds. Below 0.6657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of 0.6758 will suggest that pullback from […]

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15/06/2024

EUR/GBP Weekly Outlook

EUR/GBP fell sharply to 0.8396 last week but recovered since then. Initial bias is neutral this week for consolidations first. But outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, down trend from 0.9267 (2022 high) […]
03/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9732; (P) 0.9781; (R1) 0.9816; More… EUR/CHF’s break of 0.9748 support argues that rebound from 0.9563 has completed after rejection by 0.9847 resistance. Intraday bias is back on the downside. Further fall would be seen towards 0.9563 as the third leg of the corrective pattern from 0.9847. In the bigger picture, as […]
09/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2693; (P) 1.2722; (R1) 1.2780; More… GBP/USD dips mildly after hitting 55 4H EMA but stays in range above 1.2664. Intraday bias remains neutral for the moment. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that rise from […]