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Daily Pivots: (S1) 1.0923; (P) 1.0938; (R1) 1.0954; More…. EUR/USD is staying above 1.0899 temporary low and intraday bias stays neutral first. Further decline is expected as long as 1.0996 resistance holds. On the downside, sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third […]

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02/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9176; (R1) 0.9207; More…. Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.9087 support holds. On the upside, above 0.9223 will resume larger rally to 0.9243 resistance. Decisive break there will carry larger bullish implication. However, firm break of 0.9087 […]
09/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1049; (P) 1.1102; (R1) 1.1138; More…. Intraday bias in EUR/USD remains neutral for the moment, and consolidation from 1.1200 could extend further. In case of deeper retreat, downside should be contained by 38.2% retracement of 1.0665 to 1.1200 at 1.0996 to bring rebound. Break of 1.1200 will resume larger rise towards 1.1274 […]
14/09/2024

EUR/USD Weekly Outlook

EUR/USD dipped to 1.1001 last week but rebounded ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Initial bias remains neutral this week first. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, however, sustained break of […]