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Daily Pivots: (S1) 1.3566; (P) 1.3604; (R1) 1.3631; More… Immediate focus is now on 1.3588 structural support as fall from 1.3946 extended. Strong support could be seen there to bring reversal. On the upside, above 1.3640 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will […]

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EUR/USD Mid-Day Outlook

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EUR/USD Daily Outlook

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19/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8394; (P) 0.8424; (R1) 0.8443; More… Break of 0.8417 minor support suggests that consolidation pattern form 0.8399 has complete at 0.8463 already. Intraday bias is back on the downside in EUR/GBP. Break of 0.8399 will resume the decline from 0.8624 to 0.8382 low. Firm break there will resume larger down trend. For […]
05/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9429; (P) 0.9467; (R1) 0.9497; More… Intraday bias in EUR/CHF stays on the downside for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9504 minor resistance will delay the bearish case and turn intraday bias neutral for consolidation first. In the bigger picture, rejection […]
08/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0739; (P) 1.0764; (R1) 1.0779; More… Intraday bias in EUR/USD stays neutral for the moment. More consolidations could be seen below 1.0810. Further rally is expected as long as 55 4H EMA (now at 1.0731) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, […]