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Daily Pivots: (S1) 0.8573; (P) 0.8630; (R1) 0.8667; More…. Intraday bias in USD/CHF stays on the downside and outlook is unchanged. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On the upside, above 0.8710 minor resistance will turn intraday bias neutral again first. But outlook will remain bearish as long […]

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20/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9535; (P) 0.9552; (R1) 0.9582; More…. EUR/CHF is extending consolidations below 0.9579 temporary top and intraday bias remains neutral. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9589) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 […]
16/03/2024

EUR/GBP Weekly Outlook

EUR/GBP was still bounded in range of 0.8497/8577 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside for […]
04/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More… Break of 1.0834 support turned resistance argues that fall from 1.0980 has completed with three waves down to 1.0723. Rise from there is currently seen as the third leg of the corrective pattern from 1.0694. Intraday bias is back on the upside for 1.0941/0980 resistance zone. […]