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EUR/USD’s fall from 1.1213 resumed to 1.0681 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. But outlook will stay bearish as long as 1.0936 resistance holds. Below 1.0681 will target 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656, and then 100% […]

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15/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6761; (P) 0.6777; (R1) 0.6801; More… Intraday bias in AUD/USD is turned neutral for some consolidations. On the upside, above 0.6898 will target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100% projection at 0.6971. On the downside, however, […]
29/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8496; (P) 0.8507; (R1) 0.8518; More… Intraday bias in EUR/GBP stays neutral at this point. Further decline is expected as long as 55 D EMA (now at 0.8556) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as EUR/GBP […]
07/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. In the bigger picture, price actions from […]