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EUR/GBP stayed in range of 0.8309/8433 last week and outlook is unchanged. Initial bias remains neutral this week first and further decline is in favor. On the downside, firm break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will […]

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18/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0803; (P) 1.0839; (R1) 1.0866; More…. Intraday bias in EUR/USD stays on the downside for the moment. Fall from 1.1213 is in progress for 61.8% retracement of 1.0447 to 1.1213 at 1.0740 next. Firm break there will target 1.0601 support next. On the upside, above 1.0900 minor resistance will turn intraday bias […]
05/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8477; (P) 0.8503; (R1) 0.8528; More…. No change in USD/CHF’s outlook as price actions from 0.8332 are still seen as a corrective pattern only. Intraday bias stays neutral and outlook remains bearish with 0.8665 support turned resistance intact. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 […]
11/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More… Intraday bias in EUR/GBP remains on the downside as larger down trend is resuming. Next near term target is 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 0.8339 minor resistance will turn intraday […]