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Daily Pivots: (S1) 0.8521; (P) 0.8571; (R1) 0.8619; More…. Intraday bias in EUR/GBP remains on the upside at this point. Further rise should be seen to 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next. On the downside, though, below 0.8550 minor support will turn […]

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EUR/USD Mid-Day Outlook

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16/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0608; (P) 1.0636; (R1) 1.0653; More… Intraday bias in EUR/USD stays on the downside at this point. Current fall is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0664 minor resistance will turn intraday bias neutral […]
17/08/2024

EUR/CHF Weekly Outlook

EUR/CHF’s rebound from 0.9209 extended to as high as 0.9579 last week before retreating. Initial bias is turned neutral this week first for some consolidations. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9593) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive […]
07/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.74; (P) 185.27; (R1) 185.56; More… GBP/JPY’s fall from 188.63 accelerates lower today and breaks through 184.44 support. Current development argues that a medium term is in place on bearish divergence condition in D MACD. Fall from 188.63 is likely corrective whole rise from 148.93. Intraday bias is now on the downside […]