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Daily Pivots: (S1) 1.6006; (P) 1.6077; (R1) 1.6132; More… Intraday bias in EUR/AUD remains neutral for the moment and some more consolidations could be seen above 1.5996. But outlook stays bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 […]

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19/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8442; (P) 0.8453; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral first as consolidations continue above 0.8396. 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) […]
17/03/2024

EUR/JPY Weekly Outlook

EUR/JPY’s break of 162.16 minor resistance last week suggests that correction from 163.70 has completed at 160.20. Initial bias is back on the upside for retesting 163.70 resistance. Decisive break there will resume larger rally from 153.15 for 164.29 high. In case of another fall, downside should be contained by 38.2% retracement of 153.15 to […]
24/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6337; (P) 1.6359; (R1) 1.6394; More… Breach of 1.6381 resistance suggests short term bottoming at 1.6211. Intraday bias is back on the upside for recovery to 55 D EMA (now at 1.6411) and above. On the downside, though, below 1.6322 minor support will bring retest of 1.6211 support instead. In the bigger […]