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Daily Pivots: (S1) 0.8401; (P) 0.8415; (R1) 0.8429; More…. Intraday bias in EUR/GBP remains neutral for consolidations above 0.8399 temporary low. Stronger recovery might be seen but further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the decline from 0.8624 and target 0.8382 support. Firm break there will resume […]

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17/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6456; (P) 1.6492; (R1) 1.6554; More… EUR/AUD’s rebound from 1.6127 is in progress and intraday bias stays on the upside. Correction from 1.7062 should have completed with three waves down to 1.6127. Further rise should be seen to 1.6844 resistance for confirmation. On the downside, below 1.6456 minor support will turn intraday […]
09/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1049; (P) 1.1102; (R1) 1.1138; More…. Intraday bias in EUR/USD remains neutral for the moment, and consolidation from 1.1200 could extend further. In case of deeper retreat, downside should be contained by 38.2% retracement of 1.0665 to 1.1200 at 1.0996 to bring rebound. Break of 1.1200 will resume larger rise towards 1.1274 […]
03/03/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered last week but failed to break through 0.8577 so far. Initial bias remains neutral this week first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound […]