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EUR/AUD’s deep retreat last week confirmed short term topping at 1.6800. Yet, it recovered just ahead of 38.2% retracement of 1.5963 to 1.6800 at 1.6480. Initial bias is turned neutral this week first. Risk is now mildly on the downside as long as 1.6800 resistance holds, in case of extended recovery. Firm break of 1.6480 […]

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09/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9381; (P) 0.9399; (R1) 0.9433; More…. EUR/CHF continues to trade in converging range and intraday bias stays neutral. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of 0.9332 […]
10/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.15; (P) 142.97; (R1) 144.00; More… Intraday bias in USD/JPY remains neutral for the moment. Further decline is expected as long as 147.20 resistance holds. On the downside, decisive break of 141.67 will resume whole decline from 161.95 high. Next target will be 140.25 support. In the bigger picture, fall from 161.94 […]
14/01/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8379; (P) 0.8401; (R1) 0.8417; More… EUR/GBP edges higher today as rebound from 0.8221 extends. Intraday bias stays mildly on the upside for 0.8446 resistance, despite loss of momentum. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move. On the downside, below 0.8384 minor support will turn […]