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Daily Pivots: (S1) 162.65; (P) 163.05; (R1) 163.30; More… Intraday bias in EUR/JPY is back on the downside as fall from 165.33 short term top resumed. Further decline would be seen to 160.20 structural support next. On the upside, however, break of 164.40 minor resistance will bring retest of 165.33 instead. In the bigger picture, […]

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19/12/2023

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… USD/CAD’s decline is resuming by breaking 1.3348 temporary low. Intraday bias is back on the downside. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk […]
06/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9340; (P) 0.9352; (R1) 0.9365; More… Intraday bias in EUR/CHF stays neutral at this point. Fall from 0.9471 might extend lower through 0.9304. But downside should be contained above 0.9252 low to bring rebound. On the upside, firm break of 0.9363 minor resistance will argue that the correction from 0.9471 has completed, […]
11/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0939; (P) 1.0957; (R1) 1.0990; More… Intraday bias in EUR/USD remains neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In the […]