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USD/JPY edged higher to 153.87 last week but failed to sustain above 61.8% retracement of 161.94 to 139.57 at 153.39 and retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 55 D EMA (now at 148.96) holds. Sustained trading above 153.39 will pave the way to retest […]

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EUR/USD Weekly Outlook

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EUR/AUD Daily Outlook

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02/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0771; More…. Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should be seen back to 1.0915 resistance. However, break of 1.0665 will resume larger down trend through […]
15/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6329; (P) 1.6372; (R1) 1.6423; More… Intraday bias in EUR/AUD remains neutral, further further rise is in favor as long as 1.16278 minor support holds. On the upside, firm break of 1.6478 resistance will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6278 […]
18/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9629; (P) 0.9692; (R1) 0.9726; More…. EUR/CHF’s steep decline suggests that rebound from 0.9476 has completed at 0.9772 already. Intraday bias is back on the downside. Firm break of 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will target 61.8% retracement at 0.9589 and possibly below. On the upside, above 0.9772 will […]