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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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17/08/2024

EUR/USD Weekly Outlook

EUR/USD retreated after edging higher to 1.1046 last week but stayed in range above 1.0880 support. Initial bias remains neutral this week for consolidations, and further rally is in favor. On the upside, firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% […]
10/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2768; (P) 1.2797; (R1) 1.2815; More… GBP/USD is staying in consolidation below 1.2845 temporary top and intraday bias remains neutral. Further rally is expected as long as 55 4H EMA (now at 1.2748) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 […]
06/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… USD/JPY recovered after diving to 141.67 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 150.88 resistance to bring another fall. Break of 141.67 will resume the decline from 161.94 to 140.25 support next. In the bigger […]