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Daily Pivots: (S1) 0.9389; (P) 0.9431; (R1) 0.9456; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Corrective rebound from 0.9209 should have completed at 0.9579 after rejection by 55 D EMA. Deeper fall should be seen to 61.8% retracement of 0.9209 to 0.9579 at 0.9350. Firm break there will bring retest […]

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09/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8575; (P) 0.8580; (R1) 0.8587; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]
18/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.57; (P) 142.02; (R1) 142.61; More… USD/JPY is still extending consolidation from 140.95 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But upside should be limited well below 146.58 resistance to bring another decline. On the downside, break of 140.94 will resume the fall from 151.89 to next fibonacci […]
17/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0595; (P) 1.0625; (R1) 1.0648; More… Intraday bias in EUR/USD remains neutral for consolidations above 1.0601 temporary low. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection of 1.1138 to […]