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Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. EUR/USD rebounded strongly ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996 but stays below 1.1153 resistance. Intraday bias remains neutral first. Outlook stays bullish with 1.0996 intact. Break of 1.153 will suggest that larger rally is resuming through 1.1200 to 1.1274 key resistance. Nevertheless, […]

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EUR/USD Mid-Day Outlook

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25/04/2024

EUR/USD Mid-Day Outlook

.Daily Pivots: (S1) 1.0680; (P) 1.0697; (R1) 1.0716; More… EUR/USD retreated after brief breach of 1.0723 support turned resistance and intraday bias remains neutral. Break of 1.0677 support will indicate rejection by 1.0723, and turn bias back to the downside. EUR/USD should then resume larger down trend through 1.0601 low. Nevertheless, firm break of 1.0723 […]
22/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2689; (P) 1.2708; (R1) 1.2729; More… GBP/USD’s rally from 1.2298 continues today and intraday bias stays on the upside. Further rally should be seen to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Firm break there will target 1.2892 resistance next. On the downside, below 1.2685 minor support will turn […]
15/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0674; (P) 1.0736; (R1) 1.0772; More… EUR/USD’s fall from 1.1138 is in progress and intraday bias remains on the downside. Current development argues that whole rise from 1.0447 has already finished. Deeper decline would be seen back to this 1.0447 support. On the upside, break of 1.0804 resistance is needed to signal […]