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EUR/USD stayed in range trading below 1.0887 last week and outlook is unchanged. Initial bias stays neutral this week. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. However, […]

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05/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2737; (P) 1.2777; (R1) 1.2810; More….. Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further rise is in favor as long as 1.2693 support holds. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn […]
04/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8535; (P) 0.8585; (R1) 0.8612; More…. Intraday bias in EUR/GBP remains on the upside for the moment. As noted before, rebound from 0.8491 should have completed as a corrective move at 0.8764. Deeper fall should be seen to retest 0.8491 low first. Firm break there will resume larger down trend. On the […]
18/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0701; (P) 1.0719; (R1) 1.0753; More…. Intraday bias in EUR/USD remains neutral and some more consolidations could be seen above 1.0667. Further fall is expected as long as 55 4H EMA (now at 1.0765) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target […]