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Daily Pivots: (S1) 0.8450; (P) 0.8464; (R1) 0.8476; More… EUR/GBP is still extending the consolidation pattern from 0.8396 and intraday bias stays neutral. 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 there will resume larger […]

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10/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9396; (P) 0.9411; (R1) 0.9431; More…. Intraday bias in EUR/CHF remains neutral as it’s still bounded in converging range. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of […]
17/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8415; (P) 0.8430; (R1) 0.8439; More… Intraday bias in EUR/GBP stays neutral at this point. Consolidation from 0.8399 is in progress and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm […]
12/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8510; (P) 0.8522; (R1) 0.8540; More… No change in EUR/GBP’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back […]