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Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could prompt upside acceleration through 1.1138 resistance to 161.8% projection at 1.1232. However, considering bearish divergence condition in 4H MACD, break of 1.948 support […]

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03/03/2024

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.8891 last week but quickly retreated. Initial bias stays neutral this week first. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back to the downside for […]
31/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2693; (P) 1.2721; (R1) 1.2760; More… GBP/USD is still bounded in range below 1.2799 and intraday bias remains neutral for the moment. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]
09/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF stays neutral for the moment. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and resume […]