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Daily Pivots: (S1) 0.8789; (P) 0.8836; (R1) 0.8870; More… USD/CHF is staying in consolidations below 0.8916 and intraday bias remains neutral. Further rally is expected as long as 0.8773 resistance turned support holds. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way […]

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25/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0784; (P) 1.0826; (R1) 1.0850; More… Intraday bias in EUR/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as 55 4H EMA (now at 1.0868) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break […]
05/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0820; (P) 1.0873; (R1) 1.0965; More….. Intraday bias in EUR/USD remains on the upside for the moment. Decisive break of 1.0947 resistance will resume rise from 1.0665 and target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as long as 55 4H […]
14/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2778; (P) 1.2794; (R1) 1.2814; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further rally will remain in favor as long as 55 4H EMA (now at 1.2764) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from […]