Logo-color Logo-white

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0769; More…. Intraday bias in EUR/USD is turned neutral first with 4H MACD crossed above signal line. Further fall is in favor as long as 55 4H EMA (now at 1.0814) holds. Decline from 1.0915 is seen as another falling leg of the corrective pattern from 1.1274. Break […]

The post EUR/USD Daily Outlook appeared first on Action Forex.

previous

USD/CHF Daily Outlook

next

EUR/AUD Mid-Day Outlook

Read More

21/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2577; (P) 1.2604; (R1) 1.2623; More… Despite today’s rebound, GBP/USD is staying below 1.2691 resistance and intraday bias remains neutral first. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 […]
29/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… Intraday bias in GBP/USD remains neutral at this point. Consolidation from 1.2826 could extend further and another fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern […]
28/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6284; (P) 1.6333; (R1) 1.6369; More… Break of 1.6322 minor support argues that rebound from 1.6211 has completed at 1.6403 after rejection by 55 D EMA. Intraday bias is back on the downside for retesting 1.6211 first. Firm break there will resume the whole decline from 1.6742, as the third leg of […]