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Daily Pivots: (S1) 0.8271; (P) 0.8300; (R1) 0.8318; More… EUR/GBP failed to break through 0.8326 resistance and retreated, and intraday bias stays neutral On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support, on bullish convergence condition in 4H MACD. Intraday bias will be turned […]

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23/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. However, break of 1.1046 will […]
02/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, rejection by 1.2702 will keep risk on the downside. Sustained trading […]
24/11/2024

AUD/USD Weekly Report

AUD/USD stayed in consolidation above 0.6440 last week and outlook is unchanged. Initial bias remains neutral this week for some more consolidations. But further decline is expected as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 […]