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Daily Pivots: (S1) 1.0814; (P) 1.0842; (R1) 1.0885; More… Intraday bias in EUR/USD remains neutral first, and further decline is expected with 1.0871 resistance intact. On the downside, break of 1.0760 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. However, […]

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17/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2664; (R1) 1.2709; More… GBP/USD recovered quickly after brief breach of 1.2611 support and intraday bias remains neutral. On the downside, firm break of 1.2611 will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will […]
20/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9416; (P) 0.9431; (R1) 0.9456; More… EUR/CHF’s rally from 0.9252 is still in progress and intraday bias stays on the upside. Sustained trading above 55 D EMA (now at 0.9449) will target 38.2% retracement of 1.0095 to 0.9252 at 0.9574. On the downside, though, break of 0.9357 minor support will turn bias […]
14/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0924; (P) 1.0944; (R1) 1.0968; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0904) holds. Above 1.0980 will resume the rally from 1.0694 to retest 1.1138 high. However, sustained break of the EMA will turn bias to […]