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Daily Pivots: (S1) 0.8648; (P) 0.8668; (R1) 0.8690; More… Intraday bias in EUR/GBP is turned neutral again as it recovered after brief dip to 0.8644. On the downside, firm break of 0.8644 will suggest that rebound from 0.8548 has completed at 0.8713 already. Deeper fall should be seen to retest 0.8548 support. On the upside, […]

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10/08/2024

EUR/JPY Weekly Outlook

EUR/JPY rebounded strongly after initial dive to 154.40 last week. While further rise cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 175.41 to 154.40 at 162.42 holds. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to […]
09/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9322; (P) 0.9364; (R1) 0.9389; More…. Further decline is expected in EUR/CHF with 0.9444 resistance intact, despite relatively weak downside momentum as seen in 4H MACD. Rebound form 0.9029 should have completed at 0.9579, ahead of 55 D EMA. Deeper fall should be seen to retest 0.9209 first. Firm break there will […]
17/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6463; (P) 1.6505; (R1) 1.6530; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. For now, the favored case remains that corrective fall from 1.7180 has completed at 1.6256 already. On the upside, above 1.6629 will resume the rebound for retesting 1.7180 high. However, firm break of 1.6457 minor support […]