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Daily Pivots: (S1) 1.0939; (P) 1.0957; (R1) 1.0990; More… EUR/USD recovers mildly overnight and stays firm in Asian session. Nevertheless, it’s still capped below 1.0997 minor resistance. Intraday bias stays neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break […]

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11/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… Intraday bias in USD/CHF remains neutral as range trading continues. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and […]
14/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8679; (P) 0.8729; (R1) 0.8768; More…. USD/CHF recovered ahead of 0.8665 support and intraday bias is turned neutral first. Risk will stay on the downside as long as 0.8819 resistance holds. On the downside, firm break of 0.8665 will resume the whole fall from 0.9243 to 0.8551 key support level. In the […]
29/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.36; (P) 160.87; (R1) 161.29; More…. EUR/JPY is still bounded in consolidations below 163.86 and intraday bias stays neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of […]