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Daily Pivots: (S1) 0.8438; (P) 0.8477; (R1) 0.8501; More… Intraday bias in USD/CHF remains neutral as sideway trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, break of 0.8548 resistance will turn bias back to the […]

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09/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0915; (R1) 1.0949; More….. Intraday bias in EUR/USD remains neutral first and outlook is unchanged. 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 break there will resume recent rally […]
08/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0894; (P) 1.0922; (R1) 1.0975; More… EUR/USD’s rally from 1.0694 resumed after brief retreat and intraday bias is back on the upside. Further rally should be seen to retest 1.1138 resistance next. On the downside, below 1.0867 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, […]
06/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9055; (R1) 0.9104; More…. Outlook in USD/CHF is unchanged and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 0.8993) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside, above 0.9087 minor resistance will turn intraday bias again […]