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Daily Pivots: (S1) 0.9346; (P) 0.9362; (R1) 0.9390; More…. EUR/CHF recovered after drawing support from 0.9332 and intraday bias remains neutral. On the downside, firm break of 0.9332 resume the fall from 0.9579 towards 0.9209, and argue that larger down trend might be ready to resume too. On the upside, though, break of 0.9506 will […]

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24/08/2024

EUR/JPY Weekly Outlook

EUR/JPY stayed in sideway trading below 163.86 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]
23/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0782; (P) 1.0810; (R1) 1.0827; More… EUR/USD’s fall from 1.1213 resumed after brief consolidation and intraday bias is back on the downside. Next target is 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. On the upside above 1.0871 minor resistance will turn intraday bias […]
07/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0885; (R1) 1.0929; More… EUR/USD’s break of 1.0887 confirms resumption of rebound from 1.0694. Intraday bias is back on the upside for retesting 1.1138 first. Firm break there will resume the rise from 1.0447 to retest 1.1274 high. For now, further rally is in favor as long as 1.0795 support […]