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Daily Pivots: (S1) 1.0906; (P) 1.0931; (R1) 1.0961; More…. Intraday bias in EUR/USD remains on the downside. Sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, deeper decline would be seen to 61.8% retracement […]

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30/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3665; (P) 1.3694; (R1) 1.3747; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, firm break of 1.3589 […]
07/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0714; (P) 1.0751; (R1) 1.0778; More… No change in EUR/USD’s outlook and intraday bias stays on the downside. Focus remains on 1.0722 structural support. Decisive break there will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to target this low. On the upside, break of 1.0896 […]
28/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1050; (P) 1.1086; (R1) 1.1144; More… Intraday bias in EUR/USD is turned neutral first with current retreat, and some consolidations could be seen. For now, further rally is expected as long as 1.0929 support holds. Break of 1.1138 temporary top will resume the rise from 1.0447 to retest 1.1274 high. Strong resistance […]