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Daily Pivots: (S1) 0.9016; (P) 0.9041; (R1) 0.9079; More…. No change in USD/CHF’s outlook as consolidation from 0.9094 is extending. Intraday bias stays neutral at this point. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger […]

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EUR/USD Daily Outlook

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16/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1063; (P) 1.1083; (R1) 1.1095; More…. EUR/USD’s rebound from 1.1001 extends higher today but stays below 1.1153 resistance. Intraday bias remains neutral first. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, below 1.1072 minor […]
06/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… GBP/USD’s breach of 1.2590 minor support suggests short term topping at 1.2731, on bearish divergence condition in 4H MACD. Intraday bias is mildly on the downside for deeper pull back to 55 D EMA (now at 1.2427). For now, risk will stay on the downside as […]
04/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8657; (P) 0.8713; (R1) 0.8746; More…. Intraday bias in USD/CHF remains neutral for the moment. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close to 0.8551 low. […]