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Daily Pivots: (S1) 167.48; (P) 167.72; (R1) 168.03; More… Further rise is mildly in favor in EUR/JPY despite loss of momentum as seen in 4H MACD. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58, and would target 168.64 resistance. On the downside, break of 166.73 minor support will […]

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04/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6165; (P) 1.6221; (R1) 1.6281; More.. Another fall could still be seen in EUR/AUD with 1.6313 minor resistance holds. But considering bullish convergence condition in 4H MACD, stronger support could be seen from 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 to bring rebound. On the upside, firm break of […]
25/04/2024

EUR/USD Daily Outlook

.Daily Pivots: (S1) 1.0680; (P) 1.0697; (R1) 1.0716; More… Immediate focus is now on 1.0723 support turned resistance. Rejection from there, followed by break of 1.0677 minor support, will retain near term bearishness. Retest of 1.0601 low would be seen next. Nevertheless, firm break of 1.0723 will bring stronger rebound to 55 D EMA (now […]
20/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0935; (P) 1.0961; (R1) 1.1007; More… EUR/USD is staying in consolidation from 1.1108 and intraday bias remains neutral. Further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from […]