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Daily Pivots: (S1) 1.2712; (P) 1.2742; (R1) 1.2790; More… GBP/USD’s rebound from 1.2486 continues today and intraday bias stays on the upside for 55 D EMA (now at 1.2849). Strong resistance is expected there to limit upside, and bring resumption of whole fall from 1.3433. On the downside, below 1.2615 minor support will bring retest […]

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08/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0937; (P) 1.0989; (R1) 1.1026; More…. EUR/USD’s fall from 1.1213 is in progress and intraday bias stays on the downside for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, deeper […]
10/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD’s break of 1.0790 support argues that rebound from 1.0723 has completed at 1.0884 already. Intraday bias is back on the downside of 1.0723 support. Break there will target 1.0694 support next. For now, risk will stay mildly on the downside as long as 1.0884 resistance […]
03/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3126; (P) 1.3140; (R1) 1.3162; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.3265. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 […]