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Daily Pivots: (S1) 0.6664; (P) 0.6700; (R1) 0.6722; More… Intraday bias in AUD/USD is neutral as sideway trading continues. On the downside, break of 0.6639 will resume the fall from 0.6870 short term top to 0.6541 support next. On the downside, though, break of 0.6759 minor resistance will suggest that the pull back has completed […]

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EUR/USD Daily Outlook

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26/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1130; (P) 1.1165; (R1) 1.1229; More…. Intraday bias sin EUR/USD remains on the upside at this point. Current rally should target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 high. On the downside, below 1.1097 minor support will turn intraday bias neutral and bring consolidations first. In […]
30/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2580). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, […]
14/09/2024

EUR/GBP Weekly Outlook

EUR/GBP was still bounded in consolidation above 0.8399 last week and outlook is unchanged. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm break there will resume larger down trend. However, sustained break of 0.8485 […]