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Daily Pivots: (S1) 1.0830; (P) 1.0886; (R1) 1.0917; More… Intraday bias in EUR/USD is back on the downside with current steep fall and break of 1.0834 support. Sustained trading below 55 D EMA (now at 1.0861) will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will stay […]

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19/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. EUR/USD is still holding above 1.0871 support and intraday bias stays neutral. Further remains mildly in favor. Break of 1.0947 will resume the rise from 1.0601 and target target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, considering bearish divergence condition in 4H […]
19/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6619; (P) 0.6639; (R1) 0.6676; More… Range trading continues in AUD/USD and intraday bias remains neutral. Further rally remains in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]
01/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0642; (P) 1.0688; (R1) 1.0713; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Recovery from 1.0601 could have completed at at 1.0752 already. Further fall would be seen for retesting 1.0601 first. Firm break there will resume larger fall and target 100% projection of 1.1138 to 1.0694 […]