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Daily Pivots: (S1) 1.0864; (P) 1.0894; (R1) 1.0951; More… EUR/USD’s strong rebound and break of 1.0905 resistance suggests that pull back from 1.0980 has completed at 1.0834, after drawing support from 55 D EMA. Intraday bias is back on the upside for retesting 1.0980 first. Firm break there will resume whole rise from 1.0694. On […]

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USD/CHF Mid-Day Outlook

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EUR/CHF Mid-Day Outlook

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02/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… No change in USD/CHF’s outlook as intraday bias stays on the downside. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. Sustained break there will pave the way to retest 0.8332 low. For now, risk will stay on the […]
06/04/2024

GBP/USD Weekly Outlook

GBP/USD rebounded strongly to 1.2682 last week but retreated since then. Yet, there was no follow through selling. Initial bias is turned neutral this week first. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, […]
10/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.0844. Further rally is in favor as long as 55 4H EMA (now at 1.0789) holds. On the upside, above 1.0844 will resume the rebound from 1.0665 to retest 1.0915 resistance. Firm break there will target […]