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EUR/USD recovered 1.1153 last week but failed retreated since then. Initial bias remains neutral this week first. Price actions from 1.1200 are still seen as a consolidation pattern. 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 […]

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18/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6527; (P) 1.6579; (R1) 1.6662; More… Intraday bias in EUR/AUD stays on the upside at this point. As noted before, Correction from 1.7062 should have completed with three waves down to 1.6127. Further rise should be seen to 1.6844 resistance for confirmation. On the downside, below 1.6495 minor support will turn intraday […]
10/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9290; (P) 0.9306; (R1) 0.9332; More… Intraday bias in EUR/CHF stays neutral as consolidation from 0.9252 is still extending. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection […]
28/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2612; (P) 1.2641; (R1) 1.2670; More… No change in GBP/USD’s outlook and further decline is expected with 1.2702 resistance intact. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm break of 1.2702 resistance will argue […]