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EUR/USD’s decline from 1.1213 continued last week but recovered after hitting 1.0810. Initial bias remains neutral this week for consolidations. But outlook will stay bearish as long as 1.0954 resistance holds. Below 1.0810 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support […]

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EUR/USD Daily Outlook

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15/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. USD/CHF’s break of 0.8665 support confirm resumption of whole decline from 0.9243. Intraday bias is back on the downside and deeper fall should be seen to 0.8551 key support level. For now, near term outlook will stay bearish as long as 0.8819 resistance holds, in case […]
05/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.14; (P) 165.55; (R1) 165.89; More…. EUR/JPY is staying in consolidations below 166.67 and intraday bias remains neutral. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence […]
24/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains mildly on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 […]