Daily Pivots: (S1) 157.32; (P) 157.88; (R1) 158.57; More… USD/JPY quickly recovered after dipping to 157.16. With 4H MACD crossed above signal line, intraday bias is turned neutral first. On the downside, break of 157.16 and sustained trading below 55 D EMA (now at 157.72) will bring deeper correction to 38.2% retracement of 140.25 to […]
Daily Pivots: (S1) 1.0870; (P) 1.0889; (R1) 1.0903; More…. EUR/USD is staying in range below 1.0947 and intraday bias remains neutral. Further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, firm break of 1.0871 will turn […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Share
