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Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Current strong rebound in USD/CHF argues that consolidation pattern from 0.8884 has completed with three waves to 0.8728. Intraday bias is mildly on the upside for 0.8891 resistance first. Firm break there will resume whole rise from 0.8332. Next target is 61.8% projection of 0.8550 to […]

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EUR/USD Mid-Day Outlook

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04/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0854; (P) 1.0879; (R1) 1.0931; More…. Further rally is still expected in EUR/USD despite current retreat. Rise from 1.0601 should target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, break of 1.0788 will turn intraday bias back to the downside for deeper pullback instead. In the bigger picture, price […]
17/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9111; (P) 0.9132; (R1) 0.9152; More…. USD/CHF is extending consolidation from 0.9151 and intraday bias stays neutral. Further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268. In the bigger picture, price actions from 0.8332 medium […]
18/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4046; (P) 1.4075; (R1) 1.4118; More… Intraday bias in USD/CAD remains on the upside at this point. Current rally should target 61.8% projection of 1.3418 to 1.3958 from 1.3841 at 1.4175. On the downside, below 1.4032 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish […]