Logo-color Logo-white

EUR/USD gyrated lower last week but recovered again after hitting 1.0452. Initial bias stays neutral this week first. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0678) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the bigger picture, […]

The post EUR/USD Weekly Outlook appeared first on Action Forex.

previous

EUR/CHF Weekly Outlook

next

GBP/USD Weekly Outlook

Read More

23/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9117; (P) 0.9138; (R1) 0.9178; More…. Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8987 is in progress for retesting 0.9223. On the downside, below 0.9105 minor support will turn intraday bias neutral first. Further break of 0.8987 will resume the fall from 0.9223 to 38.2% retracement […]
08/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6575; (P) 0.6610; (R1) 0.6632; More… Intraday bias in AUD/USD remains neutral and consolidations would continue below 0.6645. Further rise is in favor as long as 55 4H EMA (now at 0.6560) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will […]
08/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8447; (P) 0.8512; (R1) 0.8568; More…. No change in USD/CHF’s outlook and intraday bias stays neutral at this point. While recovery from 0.8332 short term bottom could extend higher, outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from […]