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Daily Pivots: (S1) 1.0956; (P) 1.0972; (R1) 1.0989; More…. Intraday bias in EUR/USD is turned neutral first with current recovery. Fall from 1.1213 short term top is expected to continue as long as 1.1082 resistance holds. Below 1.0950 will target 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall […]

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05/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2615; (P) 1.2640; (R1) 1.2679; More… Intraday bias in GBP/USD stays neutral for the moment. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise from […]
15/12/2024

USD/CHF Weekly Outlook

USD/CHF’s strong rebound last week suggests that correction from 0.8956 has already completed at 0.8735, and rise from 0.8374 is ready to resume. Initial bias stays on the upside this week. Break of 0.8956 will confirm this bullish case and target 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below […]
17/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2640; (P) 1.2702; (R1) 1.2748; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2859 short term top would target 1.2633 resistance turned support first. Firm break there will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, above 1.2737 […]