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Daily Pivots: (S1) 1.6343; (P) 1.6374; (R1) 1.6394; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. On the downside, break of 1.6322 minor support will indicate rejection by 55 D EMA (now at 1.6408). Deeper fall would be seen to retest 1.6211. Firm break there will resume the whole decline from […]

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31/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.8624 extended to as low as 0.8399 last week but recovered since then. Initial bias is turned neutral this week for some consolidations. Risk will stay on the downside as long as 55 4H EMA (now at 0.8457) holds. Below 0.8399 will target 0.8382 support. Firm break there will resume larger down […]
30/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 166.11; (P) 166.81; (R1) 167.39; More… Intraday bias in EUR/JPY remains neutral as consolidation continues above 164.81. Further decline is expected as long as 55 4H EMA (now at 168.63) holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci […]
12/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8562; (R1) 0.8573; More…. Intraday bias in EUR/GBP remains neutral for the moment. Some consolidations would be seen below 0.8624, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of 0.8624 […]