EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 0.6570; (P) 0.6593; (R1) 0.6607; More… AUD/USD’s decline from 0.6941 is in progress and intraday bias stays on the downside for 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Sustained break there will target 0.6348 support next. On the upside, above 0.6609 minor resistance will turn intraday bias neutral and bring consolidations […]

Daily Pivots: (S1) 0.6600; (P) 0.6644; (R1) 0.6724; More… Intraday bias in AUD/USD remains on the upside as rebound from 0.6511 short term bottom is in progress. Sustained break of 55 D EMA (now at 0.6682) will bring stronger rebound back 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 […]

EUR/GBP rebounded strongly to 0.8446 last week, but failed to sustain above 0.8433 resistance and retreated sharply. Initial bias is turned neutral this week first. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound towards 0.8624 resistance. […]