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Daily Pivots: (S1) 1.3049; (P) 1.3081; (R1) 1.3107; More… Outlook in GBP/USD is unchanged and intraday bias stays neutral. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back […]

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USD/CHF Daily Outlook

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9396; (P) 0.9411; (R1) 0.9431; More…. Intraday bias in EUR/CHF remains neutral as it’s still bounded in converging range. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of […]
08/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD dips mildly in early US session as consolidation from 1.1007 extends. Intraday bias remains neutral first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further […]
28/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1160; (P) 1.1175; (R1) 1.1200; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral first and further rally is still in favor. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 […]