EUR/USD Daily Outlook

EUR/CHF’s correction from 0.9847 extended to as low as 0.9563 last week but quickly recovered. Initial bias is turned neutral this week first. On the upside, break of 0.9721 resistance will argue that the correction has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring […]

GBP/JPY dipped to 198.73 last week after edging higher to 200.72. But it quickly recovered. Initial bias is neutral this week first. On the upside, decisive break of 200.53/72 will confirm larger up trend resumption. On the downside, below 198.73 will turn bias to the downside for 197.07 resistance turned support instead. In the bigger […]

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 […]