Logo-color Logo-white

Daily Pivots: (S1) 1.0934; (P) 1.0951; (R1) 1.0968; More… EUR/USD is still bounded in range above 1.0876 despite today’s decline. Intraday bias stays neutral for the moment. Further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the fall from 1.1138 to 1.0722 support next. Nevertheless, firm break […]

The post EUR/USD Daily Outlook appeared first on Action Forex.

previous

EUR/JPY Daily Outlook

next

GBP/JPY Daily Outlook

Read More

04/05/2024

USD/CHF Weekly Outlook

Despite edging higher initial to 0.9223 last week, USD/CHF was rejected by 0.9243 key resistance and fell sharply since then. Initial bias stays on the downside this week. Sustained break of 55 D EMA (now at 0.8989) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside, above 0.9087 […]
26/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Intraday bias in USD/JPY is back on the upside as recent rally resumed through 159.92 temporary top after brief consolidations. Decisive break of 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will confirm long term up trend resumption, and pave the way to 161.8% […]
16/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0608; (P) 1.0636; (R1) 1.0653; More… Intraday bias in EUR/USD stays on the downside at this point. Current fall is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0664 minor resistance will turn intraday bias neutral […]