EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3694; (P) 1.3709; (R1) 1.3730; More… Intraday bias in USD/CAD stays on the downside at this point despite weak downside momentum. Fall from 1.3946 would extend towards 1.3588 key support. On the upside, above 1.3674 minor resistance will turn bias back to the upside for stronger recovery. In the bigger picture, price […]

Daily Pivots: (S1) 1.0768; (P) 1.0808; (R1) 1.0838; More… Intraday bias in EUR/USD remains on the downside at this point. Current fall from 1.1016 short term top is in progress. Sustained break of 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0846 minor resistance will […]

Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2598; More… GBP/USD’s fall from 1.2731 short term top is in progress. Intraday bias stays on the downside for 55 D EMA (now at 1.2436). On the upside, above 1.2613 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as […]