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Daily Pivots: (S1) 142.15; (P) 142.97; (R1) 144.00; More… Intraday bias in USD/JPY remains neutral for the moment. Further decline is expected as long as 147.20 resistance holds. On the downside, decisive break of 141.67 will resume whole decline from 161.95 high. Next target will be 140.25 support. In the bigger picture, fall from 161.94 […]

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EUR/USD Mid-Day Outlook

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06/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will […]
27/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. EUR/USD recovered after breaching 1.0667 briefly and intraday bias remains neutral. Outlook stays outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of […]
05/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6404; (P) 1.6460; (R1) 1.6506; More.. EUR/AUD recovered after dipping to 1.6412 briefly and intraday bias stays neutral. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound […]