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Daily Pivots: (S1) 1.1160; (P) 1.1175; (R1) 1.1200; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral first and further rally is still in favor. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 […]

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EUR/USD Daily Outlook

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19/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8442; (P) 0.8453; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral first as consolidations continue above 0.8396. Outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, down trend from 0.9267 (2022 high) […]
27/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9004; (P) 0.9024; (R1) 0.9060; More…. USD/CHF’s rally continues today and met 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062 already. Intraday bias remains on the upside at this point. Sustained trading above 0.9062 will target 0.9243 key medium term resistance next. On the downside, below 0.8964 minor support […]
25/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8389; (P) 0.8403; (R1) 0.8413; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger picture, down trend from 0.9267 […]