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Daily Pivots: (S1) 1.0956; (P) 1.0972; (R1) 1.0989; More…. Intraday bias in EUR/USD stays on the downside. Fall from 1.1213 short term top is in progress for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In […]

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11/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9443; (P) 0.9459; (R1) 0.9490; More… Intraday bias in EUR/CHF remains neutral for the moment and some consolidations would be seen above 0.9402 first. Further fall is expected as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. In the bigger picture, medium […]
03/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… Intraday bias in USD/JPY remains on the upside for the moment. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.95 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. […]
16/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0934; (P) 1.0951; (R1) 1.0968; More… EUR/USD is still bounded in range above 1.0876 despite today’s decline. Intraday bias stays neutral for the moment. Further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the fall from 1.1138 to 1.0722 support next. Nevertheless, firm break […]