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Daily Pivots: (S1) 0.8407; (P) 0.8414; (R1) 0.8426; More…. Intraday bias in EUR/GBP remains neutral for the moment and more consolidations could be seen above 0.8382. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on […]

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09/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9751; (P) 0.9762; (R1) 0.9772; More… EUR/CHF is staying in consolidation above 0.9728 temporary low and intraday bias remains neutral. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as 0.9835 resistance holds. Below 0.9278 will […]
25/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.57; (P) 167.39; (R1) 168.64; More… EUR/JPY’s steep decline from 175.41 extends further today and there is no sign of bottoming yet. Medium term channel support is also breached. Intraday bias stays on the downside for 164.29 key resistance turned support. Firm break there will argue that larger scale correction is underway […]
28/08/2024

EUR/CHF Daily Outlook

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 […]