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Daily Pivots: (S1) 1.0838; (P) 1.0854; (R1) 1.0884; More… Intraday bias in EUR/USD remains neutral and more consolidations would be seen above 1.0810 temporary low. Outlook will stay bearish as long as 1.0954 resistance holds. Below 1.0810 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there […]

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27/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2679; (P) 1.2711; (R1) 1.2740; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise should be seen through 1.2826 to resume the rise from 1.2036. Next target will be 1.3141 high. On the […]
10/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9396; (P) 0.9411; (R1) 0.9431; More…. Intraday bias in EUR/CHF remains neutral as it’s still bounded in converging range. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of […]
07/01/2024

GBP/USD Weekly Outlook

GBP/USD rebound strongly after drawing support from 1.2611 last week. Initial bias is now on the upside this week for retesting 1.2826 first. Decisive break there will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 […]