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No change in EUR/CHF as it remained bounded in converging range last week. Initial bias stays neutral this week first. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. In the […]

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21/01/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8332 extended higher last week, but lost momentum after hitting 55 D EMA (now at 0.8687). It’s also pressing 38.2% retracement of 0.9243 to 0.8332 at 0.8680. Focus stays on this 0.8680 resistance zone. Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 minor […]
21/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8440; (P) 0.8451; (R1) 0.8466; More… Intraday bias in EUR/GBP remains neutral for the moment. Consolidations form 0.8396 could continue with stronger recovery. But outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break […]
08/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8303; (P) 0.8322; (R1) 0.8336; More… Intraday bias in EUR/GBP stays neutral and outlook remains bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom […]