EUR/USD Mid-Day Outlook

GBP/USD’s decline from 1.3433 resumed last week and fell to 1.2842 before recovering. Initial bias is neutral this week for consolidations first. But further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, firm break of 1.3042 will indicate short term bottoming, […]

EUR/USD edged higher to 1.0947 last week but retreated since then. Initial bias remains neutral this week first, and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, firm break of 1.0871 will turn bias to […]

EUR/GBP stays in established range last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]