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Daily Pivots: (S1) 0.8259; (P) 0.8281; (R1) 0.8301; More… Intraday bias in EUR/GBP remains on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8324 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]

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03/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8411; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidations from 0.8399 would continue and 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 […]
02/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8475; (P) 0.8487; (R1) 0.8502; More… Intraday bias in EUR/GBP remains on the upside at this point. Sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. On the downside, break of 0.8493 support will bring retest of 0.8396 […]
16/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.88; (P) 159.35; (R1) 160.10; More… Range trading continues in EUR/JPY and intraday bias remains neutral. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 100% projection of 153.15 to 158.55 from 155.06 at 160.46 will pave the way to 161.8% projection at 163.79. However, […]