Logo-color Logo-white

EUR/USD edged lower to 1.0812 last week but quickly recovered. Initial bias remains neutral this week first. Further decline is mildly in favor as long as 1.0931 resistance holds. On the downside, break of 1.0812 will resume the fall from 1.1138 to 1.0722 support. On the upside, above 1.0931 will turn bias to the upside […]

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

previous

GBP/USD Mid-Day Outlook

next

USD/JPY Weekly Outlook

Read More

18/01/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… EUR/CHF’s break of 0.9402 support turned resistance suggests that down trend from 1.0095 has completed at 0.9252 already. Rebound from there is tentatively seen as a corrective move first. Intraday bias is now on the upside for 55 D EMA (now at 0.9451). Sustained break there […]
01/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9470; (P) 0.9533; (R1) 0.9593; More… Intraday bias in EUR/CHF stays on the downside at this point. Sustained break of 61.8% retracement level of 0.9416 to 0.9683 at 0.9518 will pave the way to retest 0.9416 low. On the upside, above 0.9566 minor resistance will turn intraday bias neutral first. In the […]
02/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… GBP/USD is staying in consolidation from 1.2826 and intraday bias stays neutral at this point. With 1.2611 support intact, further rally is in favor. On the upside, break of 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at […]