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Daily Pivots: (S1) 1.0838; (P) 1.0875; (R1) 1.0922; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1016 short term top should extend to 55 D EMA (now at 1.0769). On the upside, however, break of 1.1016 will resume the rise from 1.0447 to retest 1.1274 high instead. In […]

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05/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9330; (P) 0.9385; (R1) 0.9415; More…. EUR/CHF dives through 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320 today. Breach of 0.9252 low argues that larger down trend might be resuming. Intraday bias stays on the downside for 161.8% projection at 0.9041 next. On the upside, above 0.9382 minor resistance will […]
08/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9321; (P) 0.9395; (R1) 0.9488; More…. EUR/CHF’s recovery from 0.9209 extended higher but upside is capped below 0.9476 support turned resistance. Intraday bias remains neutral and further decline is still expected. On the downside, below 0.9333 minor support will bring retest of 0.9209 first. Firm break there will resume larger fall from […]
29/11/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.91; (P) 187.39; (R1) 187.73; More… Intraday bias in GBP/JPY remains neutral for the moment, and some more consolidations could be seen below 188.63. While deeper retreat cannot be ruled out, near term outlook will stay bullish as long as 184.44 support holds. On the upside, break of 188.63 will resume larger […]