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Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… GBP/USD is still bounded in consolidation below 1.2793 and intraday bias stays neutral. As long as 1.2499 support holds, near term outlook will stay bullish and further rally is expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is […]

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04/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9707; (P) 0.9723; (R1) 0.9741; More…. EUR/CHF’s rally from 0.9476 continues today and intraday bias stays on the upside. Further rally would be seen to retest 0.9928 resistance. Firm break there will resume whole rally from 0.9252. On the downside, below 0.9680 minor support will turn intraday bias neutral first. In the […]
11/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9317; (P) 0.9331; (R1) 0.9349; More… No change in EUR/CHF’s outlook as consolidation from 0.9252 is still in progress. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection […]
07/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8512; (R1) 0.8526; More…. Sideway trading continues in EUR/GBP and intraday bias stays neutral. Further decline is expected as long as 55 D EMA (now at 0.8546) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]