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Daily Pivots: (S1) 1.0903; (P) 1.0933; (R1) 1.0962; More….. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.1007. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of 1.1007 will resume recent rally from 1.0665 to 100% projection of 1.0665 to 1.0947 from […]

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22/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8555; (P) 0.8574; (R1) 0.8597; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this […]
20/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6210; (P) 1.6259; (R1) 1.6288; More… Intraday bias in EUR/AD is back on the downside with breach of 1.6216 support. Current fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper fall would be seen to 1.6127 support, or further to 100% projection of 1.7062 to […]
15/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.40; (P) 147.00; (R1) 147.91; More… Immediate focus is now on 38.2% retracement of 161.94 to 141.67 at 149.41 as USD/JPY’s rebound from 141.67 extends. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a corrective move. On the downside, break of 146.06 minor support will suggest […]