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Daily Pivots: (S1) 1.1140; (P) 1.1171; (R1) 1.1192; More…. EUR/USD is extending consolidation below 1.1200 and intraday bias remains neutral. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 […]

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25/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8579; (P) 0.8589; (R1) 0.8595; More… Intraday bias in EUR/GBP stays neutral at this point. On the upside, decisive break of medium term trend line resistance (now at 0.8649) will solidify the bullish case of trend reversal, and target 0.8764 resistance next. However, sustained break of 55 4H EMA (now at 0.8580) […]
20/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… Intraday bias in EUR/USD remains as consolidation from 1.0694 is still extending. . Further decline is in favor with 1.0804 resistance intact. On the downside, below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H MACD, above […]
27/07/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rise from 1.5996 accelerated to as high as 1.6642 last week but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.6384 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.5998. Above 1.6642 will target 1.6742 resistance. Decisive break […]