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EUR/USD tried to resume the fall from 1.1213 last week but failed to break through 1.0330 support and recovered. Initial bias is turned neutral this week first. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm decline resumption and target 61.8% […]

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10/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0768; (P) 1.0835; (R1) 1.0870; More…. Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0601 might have completed at 1.0915 already. Fall from there could be another falling leg of the corrective pattern from 1.1274. Further decline could be seen to retest 1.0601 support next. On the […]
01/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. For now, risk will stay on the downside as long as 0.8874 resistance holds, in case of recovery. […]
14/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6460; (P) 1.6512; (R1) 1.6547; More… No change in EUR/AUD’s outlook as sideway trading continues. Intraday bias stays neutral at this point. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen […]