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Daily Pivots: (S1) 0.9744; (P) 0.9777; (R1) 0.9808; More… Intraday bias in EUR/CHF stays neutral for the moment and more consolidations could be seen below 0.9847. But near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, […]

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06/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… Intraday bias in GBP/USD remains neutral as it’s still bounded in consolidations below 1.3265. While another retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection […]
11/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0739; (P) 1.0760; (R1) 1.0787; More…. EUR/USD’s fall from 1.0915 is in progress and intraday bias stays on the downside. This decline is seen as another falling leg of the corrective pattern from 1.1274. Further decline should be seen to retest 1.0601 support next. On the upside, above 1.0772 minor resistance will […]
13/04/2024

EUR/USD Weekly Outlook

EUR/USD’s fall from 1.1138 resumed by break through 1.0694 last week. Initial bias stays on the downside this week for 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. Firm break there will target 1.0447 support next. On the upside, above 1.0698 minor resistance will turn intraday bias neutral and bring consolidations first, […]