EUR/USD Daily Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3709; (R1) 1.3757; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3782 resistance will argue that correction from 1.3845 has completed with three waves down to 1.3608. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. […]

Daily Pivots: (S1) 1.3429; (P) 1.3452; (R1) 1.3474; More… Intraday bias in USD/CAD remains neutral as sideway trading continues. Further rise is mildly in favor as long as 1.3357 support holds. On the upside, decisive break of 1.3540/3 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 […]

Daily Pivots: (S1) 1.3762; (P) 1.3774; (R1) 1.3797; More… USD/CAD’s break of 1.3790 resistance strengthens the case that consolidation from 1.3845 has completed at 1.3588. Intraday bias remains on the upside for retesting 1.3845 high next. Firm break there will resume whole rally from 1.3176 to 61.8% projection of 1.3176 to 1.3845 from 1.3588 at […]