Logo-color Logo-white

Daily Pivots: (S1) 1.0656; (P) 1.0684; (R1) 1.0729; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral first. Strong resistance should be seen from 1.0723 to complete the corrective rise from 1.0601. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. […]

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

previous

EUR/CHF Daily Outlook

next

GBP/USD Mid-Day Outlook

Read More

25/05/2024

USD/CAD Weekly Outlook

USD/CAD rebounded strong last week but reversed after hitting 1.3742. Initial bias is turned neutral this week first. Break 1.3742 will affirm the case that correction from 1.3845 has completed at 1.3589. Further rally would then be seen to retest 1.3845 high. However, sustained trading below 55 D EMA (now at 1.3635) will argue that […]
12/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… GBP/USD’s fall continues to as low as 1.2452 so far. Intraday bias stays on the downside for 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354 next. On the upside, above 1.2538 support turned resistance will turn intraday bias neutral and bring consolidations, because staging […]
27/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9412; (P) 0.9430; (R1) 0.9444; More… EUR/CHF recovered after dipping to 0.9395 and intraday bias stays neutral first. Still, with 0.9543 resistance intact, deeper decline is expected. On the downside, firm break of 0.9407 key support will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from […]