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Daily Pivots: (S1) 157.85; (P) 158.62; (R1) 159.68; More…. Intraday bias in EUR/JPY remains neutral first. While, recovery from 156.16 might extend, further decline is expected as long as 55 D EMA (now at 162.01) holds. On the downside, below 157.54 minor support will bring retest of 156.16 first. Break there will target 154.40 low […]

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USD/CHF Daily Outlook

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15/12/2024

EUR/CHF Weekly Outlook

EUR/CHF’s strong rally and decisive break of 0.9434 resistance last week confirmed resumption of the rebound from 0.9204. Initial bias stays on the upside this week for 100% projection of 0.9204 to 0.9343 from 0.9254 at 0.9393. Decisive break there could prompt upside acceleration through 0.9444 resistance to 161.8% projection at 0.9479. On the downside, […]
08/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9573; (P) 0.9596; (R1) 0.9634; More… EUR/CHF is extending the consolidation from 0.9630 and intraday bias remains neutral. Further rally is expected as long as 0.9510 support holds. Above 0.9630 will resume the rebound from 0.9252 to 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. However, considering bearish divergence […]
21/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8302; (P) 0.8319; (R1) 0.8343; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current down trend is in progress for 0.8201 key support next. Strong support could be seen from there to bring rebound. But for now, break of 0.8433 resistance is needed to indicate short term bottoming. […]