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Despite initial dip to 0.8224, EUR/GBP staged a strong rebound ahead of 0.8201 key support. Considering bullish convergence condition in 4H MACD, a short term bottom could at least be formed. Initial bias stays on the upside this week for 38.2% retracement of 0.8624 to 0.8224 at 0.8377. Firm break there will target 61.8% retracement […]

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01/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8527; (P) 0.8541; (R1) 0.8553; More… Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations would be seen above 0.8529 temporary low. But further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. In the bigger picture, outlook remains bearish as EUR/GBP […]
13/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0766; (P) 1.0781; (R1) 1.0799; More… EUR/USD is staying in consolidation above 1.0722 and intraday bias remains neutral for the moment. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0896 resistance holds. On the downside, sustained break of 1.0722 will argue that whole rise from 1.0447 […]
20/04/2024

EUR/AUD Weekly Outlook

EUR/AUD’s strong rebound from 1.6368 extended higher last week and the development argues that fall from 1.6742 has completed with three waves down to 1.6368. Initial bias stays on the upside this week for retesting 1.6742 next. On the downside, however, break of 1.6534 will turn bias back to the downside for retesting 1.6368 support […]