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Daily Pivots: (S1) 0.8731; (P) 0.8746; (R1) 0.8762; More…. USD/CHF’s break of 0.8769 minor resistance indicates short term bottoming at 0.8665, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 0.8886 support turned resistance first. Decisive break there will indicate that whole fall from 0.9243 has completed, and bring […]

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07/01/2024

EUR/CHF Weekly Outlook

EUR/CHF stayed in consolidation above 0.9252 last week and outlook is unchanged. Initial bias stays neutral this week first. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to […]
15/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8385; (P) 0.8404; (R1) 0.8415; More…. Intraday bias in EUR/GBP stays on the downside at this point. Larger down trend is resuming and should target 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. Firm break there could prompt downside acceleration to 100% projection at 0.8275. On the upside, above 0.8421 […]
11/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8417; (P) 0.8438; (R1) 0.8452; More…. EUR/GBP’s break of 0.8430 support suggests that corrective recovery from 0.8396 has completed at 0.8498, after rejection by 55 D EMA. Intraday bias is back on the downside for 0.8396 support first. Firm break there will resume larger down trend. On the upside, above 0.8459 will […]