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EUR/GBP retreated after rising to 0.8624 last week and a short term top could be formed ahead of 0.8643 resistance. Some consolidations could be seen now, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of […]

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EUR/USD Weekly Outlook

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23/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6683; (P) 0.6719; (R1) 0.6740; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.6760 temporary top. Downside of retreat should be contained by 55 4H EMA (now at 0.6676) to bring rebound. Above 0.6760 will target 0.6798 resistance next. Firm break there will argue that larger rise from 0.6269 […]
31/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8995; (P) 0.9070; (R1) 0.9110; More…. Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9157 is seen as the third leg of the pattern from 0.9223. Deeper fall would be seen to 0.8987 support. Break will target 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. […]
26/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1130; (P) 1.1165; (R1) 1.1229; More…. Intraday bias in EUR/USD Is turned neutral first with current retreat and some consolidations would be seen. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from […]