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Daily Pivots: (S1) 0.9376; (P) 0.9399; (R1) 0.9431; More…. Range trading continues in EUR/CHF and intraday bias remains neutral first. On the downside, break of 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. In the bigger picture, medium […]

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24/08/2024

EUR/USD Weekly Outlook

EUR/USD’s rally continued last week and the strong break of 1.1138 resistance argues that larger up trend may be resuming. Initial bias is on the upside this week for t 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 high. On the downside, below 1.1097 minor support will turn intraday bias […]
02/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.85; (P) 143.69; (R1) 144.41; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the downside, below 141.63 will target 139.57 low. But strong support could be seen again from 139.26 fibonacci level to bring rebound. On the upside, above 146.48 will resume the rebound from 139.57 to 38.2% […]
24/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8318; (P) 0.8331; (R1) 0.8359; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations would be seen. But outlook will stay bearish as long as 0.8433 resistance holds. On the downside, break of 0.8294 will resume larger down trend to 0.8201 key support next. Strong support could […]