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Daily Pivots: (S1) 1.2870; (P) 1.2933; (R1) 1.2981; More… GBP/USD is still bounded in range above 1.2833 temporary low and intraday bias stays neutral for the moment. Further decline is expected 1.3047 resistance holds. Break of 1.382 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish […]

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30/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1043; (P) 1.1091; (R1) 1.1127; More…. EUR/USD’s retreat continues to extend lower today, but downside is contained well above 1.1007 resistance turned support. Intraday bias remains neutral and larger rally is still expected to continue. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 […]
05/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0860; (P) 1.0887; (R1) 1.0905; More… Intraday bias in EUR/USD remains mildly on the upside as rebound from 1.0760 short term bottom continues. But strong resistance should be seen from 55 D EMA (now at 1.0937) to limit upside. On the downside, below 1.0831 minor support will bring retest of 1.0760 first, […]
19/10/2024

EUR/USD Weekly Outlook

EUR/USD’s decline from 1.1213 continued last week but recovered after hitting 1.0810. Initial bias remains neutral this week for consolidations. But outlook will stay bearish as long as 1.0954 resistance holds. Below 1.0810 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support […]