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EUR/JPY’s fall from 175.41 short term top extended lower last week but recovered after hitting 169.98. Initial bias remains neutral this week first, and further fall is in favor as long as 172.91 resistance holds. Below 169.98 will target 38.2% retracement of 153.15 to 175.41 at 166.90, as a correction to whole rise from 153.15. […]

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EUR/USD Mid-Day Outlook

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EUR/USD Weekly Outlook

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05/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.56; (P) 164.24; (R1) 164.69; More… Intraday bias in EUR/JPY as turned neutral again as it retreated ahead of 165.33 resistance. Further rally will remain in favor as long as 162.59 support holds, in case of retreat. Break of 165.33 will resume larger up trend. In the bigger picture, current rally is […]
18/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0907; (P) 1.0928; (R1) 1.0960; More…. Intraday bias in EUR/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.0947 temporary top. But downside should be contained by 1.0871 support to bring another rally. On the upside, break of 1.0947 will resume the rise from 1.0601 and target […]
27/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8950; (P) 0.8967; (R1) 0.8990; More… Intraday bias in USD/CHF stays neutral at this point. Further decline is still expected with 0.8992 resistance intact. Below 0.8912 minor support will bring retest of 0.8825 low. Firm break there will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. […]