Daily Pivots: (S1) 1.0248; (P) 1.0302; (R1) 1.0344; More… EUR/USD is still engaged in consolidations above 1.0176 and intraday bias stays neutral. With 1.0435 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% projection of 1.1213 to 1.0330 from […]
Jan 06, 2025
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.0273; (P) 1.0291; (R1) 1.0328; More… EUR/USD’s recovery from 1.0223 extends higher today but stays below 1.0457 resistance. Intraday bias remains neutral first, and further decline is in favor. Below 1.0223 will resume the fall from 1.1213 to 61.8% projection of 1.1213 to 1.0330 from 1.0629 at 1.0083. Nevertheless, firm break of […]
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