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Daily Pivots: (S1) 0.8593; (P) 0.8607; (R1) 0.8623; More… Intraday bias in EUR/GBP stays mildly on the upside at this point, and further rally could be seen to 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has […]

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EUR/USD Daily Outlook

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05/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1048; (P) 1.1071; (R1) 1.1107; More…. Outlook in EUR/USD remains unchanged and intraday bias stays neutral. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will […]
27/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1138; (P) 1.1164; (R1) 1.1201; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 1.1001 support holds. Above 1.1213 will bring retest of 1.1274 high. Firm break there will resume larger up trend. Next near term target will be 100% projection of 1.0776 to […]
07/07/2024

USD/JPY Weekly Outlook

USD/JPY edged higher to 161.94 last week but retreated since then. Initial bias stays neutral this week first. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of 160.25 will turn bias to the downside for deeper pullback. […]