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Daily Pivots: (S1) 160.01; (P) 160.54; (R1) 161.10; More… Intraday bias in EUR/JPY stays neutral as consolidation from 161.84 is still in progress. Further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume whole rally from 153.15 to 161.8% projection of 153.15 to 158.55 from […]

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EUR/USD Daily Outlook

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06/04/2024

EUR/AUD Weekly Outlook

EUR/AUD dipped to 1.6412 last week but recovered since then. Initial bias remains neutral this week first. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound from current level, followed […]
04/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9707; (P) 0.9723; (R1) 0.9741; More…. EUR/CHF’s rally from 0.9476 continues today and intraday bias stays on the upside. Further rally would be seen to retest 0.9928 resistance. Firm break there will resume whole rally from 0.9252. On the downside, below 0.9680 minor support will turn intraday bias neutral first. In the […]
13/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… Further rise is mildly in favor in USD/JPY despite loss of upside momentum as seen in 4H MACD. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, could extend towards 157.98 resistance. On the downside, break of 154.23 will suggest that the […]