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Daily Pivots: (S1) 0.8302; (P) 0.8345; (R1) 0.8366; More… Intraday bias in EUR/GBP remains on the downside as recent down trend continues. Decisive break of 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324 will 100% projection at 0.8237 next. On the upside, above 0.8354 minor resistance will turn intraday bias neutral and bring […]

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EUR/USD Mid-Day Outlook

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05/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2624; (P) 1.2654; (R1) 1.2673; More… GBP/USD retreated after breaching 1.2667 resistance briefly. Intraday bias is back on the downside with break of 55 4H EMA (now at 1.2628). Retest of 1.2517/38 support zone would be seen next. On the upside, however, firm break of 1.2682 will suggest that fall from 1.2892 […]
26/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8648; (R1) 0.8690; More…. Intraday bias in USD/CHF is staying mildly on the downside. Fall from 0.8727 could extend to 0.8487 support. Break there will argue that rebound from 0.8332 has completed at 0.8727, after rejection by 55 D EMA (now at 0.8686). Deeper fall would be seen to retest […]
26/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3281; (P) 1.3355; (R1) 1.3398; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.3429 temporary top. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3429 will extend larger rally to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, break of 1.3265 […]