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Daily Pivots: (S1) 165.14; (P) 165.55; (R1) 165.89; More…. EUR/JPY is staying in consolidations below 166.67 and intraday bias remains neutral. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence […]

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EUR/GBP Daily Outlook

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13/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8532; (P) 0.8540; (R1) 0.8548; More… Range trading continues in EUR/GBP and intraday bias remains neutral at this point. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.8591 resistance holds. On the downside, break of 0.8512 will resume the decline from 0.8713 to 0.8491, and then […]
22/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 will turn bias back to the […]
06/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6419; (P) 1.6475; (R1) 1.6520; More… EUR/AUD’s break of 1.6351 resistance turned support suggests that rebound from 1.6002 has completed as a three-wave correction at 1.6598. Intraday bias is back on the downside for 1.6132 support first. Break there will bring deeper fall to 1.5996 key support level again. For now, risk […]