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Daily Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; More… Intraday bias in EUR/AUD remains on the downside as fall from 1.6771 is in progress. This decline is seen as part of the larger correction from 1.7062. Next target is 1.6127 and possibly below. On the upside, though, above 1.6512 minor resistance will flip bias back […]

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EUR/USD Daily Outlook

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02/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6146; (P) 1.6225; (R1) 1.6283; More.. EUR/AUD’s decline is resuming by breaching 1.6137 and intraday bias is back on the downside for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering bullish convergence condition in 4H MACD, firm break of 1.6313 resistance should indicate short term bottoming, and turn […]
15/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2715; (P) 1.2769; (R1) 1.2807; More… GBP/USD’s break of 55 4H EMA (now at 1.2760) indicates short term topping at 1.2829. Intraday bias is back on the downside for 55 D EMA (now at 1.2673). Sustained break there will target 1.2517 structural support next. For now, risk will stay mildly on the […]
03/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9079; (P) 0.9126; (R1) 0.9155; More…. Intraday bias in USD/CHF remains neutral with focus on 0.9087 support. Decisive break there will indicate rejection by 0.9243 key resistance and turn bias back to the downside 0.9009 support. On the other hand, strong rebound from currently level, following by firm break of 0.9243 will […]