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Daily Pivots: (S1) 0.8305; (P) 0.8332; (R1) 0.8352; More… Intraday bias in EUR/GBP is back on the downside with breach of 0.8316 temporary low. Sustained break of 0.8316 will resume the fall from 0.8624 to 100% projection of 0.8624 to 0.8399 from 0.8463 at 0.8237 next. On the upside, though, above 0.8370 minor resistance will […]

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26/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves […]
11/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9792; (P) 0.9807; (R1) 0.9821; More… EUR/CHF is still extending the consolidation form 0.9847 and intraday bias stays neutral. Near term outlook will remain bullish as long as 0.9709 support holds. Break of 0.9847 will resume larger rise from 0.9252. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will […]
26/11/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8835; (P) 0.8877; (R1) 0.8905; More… Range trading continues in USD/CHF below 0.8956 and intraday bias remains neutral. More consolidations could be seen and outlook will stay bullish as long as 0.8800 support holds, in case of retreat. Break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance […]