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Daily Pivots: (S1) 0.9672; (P) 0.9697; (R1) 0.9709; More…. No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. On the upside, break of 0.9740 minor resistance will argue that pull back from 0.9928 has completed after hitting 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Intraday bias will be back on […]

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13/07/2024

EUR/USD Weekly Outlook

EUR/USD’s rally continued last week and hit as high as 1.0910. Initial bias stays on the upside this week. Firm break of 1.0915 will resume howl rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. On the downside, below 1.0859 minor support will turn intraday bias neutral first. In the […]
12/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… Intraday bias in GBP/USD remains on the downside for the moment. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to 100% […]
11/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2731 short term top is in progress for 55 D EMA (now at 1.2445). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn […]