Logo-color Logo-white

Daily Pivots: (S1) 1.0772; (P) 1.0789; (R1) 1.0810; More… Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.0980 should target 1.0694 support first. Break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. Nevertheless, break of 1.0863 minor resistance […]

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

previous

GBP/JPY Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

09/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2743) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. […]
03/08/2024

EUR/CHF Weekly Outlook

EUR/CHF’s decline form 0.9928 resumed last week and accelerated to as low as 0.9352. Initial bias remains on the downside this week for 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320.Strong support could emerge above 0.9252 low to bring rebound. But near term outlook will now stay bearish as long as 0.9519 support […]
20/04/2024

EUR/GBP Weekly Outlook

EUR/GBP rose strongly late last week and broke through 0.8601 resistance. The development argues that fall from 0.8764 has probably completed. Initial bias is now on the upside this week for medium term trend line resistance (now at 0.8650). On the downside, below 0.8571 minor resistance will turn intraday bias neutral again first. In the […]