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Daily Pivots: (S1) 1.0846; (P) 1.0877; (R1) 1.0906; More… EUR/USD is extending consolidation above 1.0843 temporary low and intraday bias stays neutral. Outlook remains bearish with 1.0995 resistance intact. On the downside, break of 1.0843 will resume the fall from 1.1138 to 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has […]

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EUR/USD Weekly Outlook

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07/09/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 163.86 extended lower last week and the development suggests that rebound from 154.40 has completed at 163.86, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting 154.40. Break there will resume the whole decline from 175.41 to 153.15 support. On the upside, above 160.01 support turned […]
05/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6404; (P) 1.6460; (R1) 1.6506; More.. EUR/AUD recovered after dipping to 1.6412 briefly and intraday bias stays neutral. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound […]
12/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0911; (P) 1.0929; (R1) 1.0944; More… Intraday bias in EUR/USD remains neutral as consolidations continue below 1.0980 temporary top. Further rise would remain in favor as long as 1.0797 support holds. Fall from 1.1138 could have completed at 1.0694, as a correction to rise from 1.0447. Above 1.0980 will resume the rise […]