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EUR/USD’s fall from 1.1016 extended to as low as 1.0722 last week. Initial bias stays on the downside this week first. Sustained trading below 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0816 minor resistance will turn intraday bias neutral first. In the bigger picture, […]

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05/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8418; (P) 0.8427; (R1) 0.8437; More… Intraday bias in EUR/GBP remains neutral for the moment and outlook is unchanged. While stronger recovery cannot be ruled out, further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there […]
04/02/2024

USD/CHF Weekly Outlook

USD/CHF dipped further to 0.8550 last week but recovered since then. Initial bias remains neutral this week first On the upside, above 0.8727 will resume the rebound from 0.8332, and target 61.8% retracement of 0.9243 to 0.8332 at 0.8995. On the downside, below 0.8550 will resume the fall from 0.8727 for 0.8487 support. In the […]
27/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 202.14; (P) 202.43; (R1)202.90; More… Intraday bias in GBP/JPY remains on the upside for the moment. Firm break of 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. will pave the way to 100% projection at 206.56 next. On the downside, below 201.95 minor support will turn intraday bias neutral first. […]