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Daily Pivots: (S1) 0.8811; (P) 0.8852; (R1) 0.8874; More…. Range trading continues in USD/CHF and intraday bias remains neutral for now. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back […]

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EUR/USD Mid-Day Outlook

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18/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2404 is extending. Upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of 1.2892 to […]
04/02/2024

EUR/USD Weekly Outlook

EUR/USD’s decline from 1.1138 extended lower last week but continued to lose downside momentum. Break of 1.0779 will resume the fall, but considering bullish convergence condition in 4H MACD, downside could be contained by 1.0722 support. On the upside, break of 1.0896 will turn bias back to the upside for stronger rebound towards 1.1138. However, […]
05/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2650; (P) 1.2690; (R1) 1.2723; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger picture, price […]