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Daily Pivots: (S1) 1.0490; (P) 1.0536; (R1) 1.0576; More… A temporary low is formed at 1.0495 in EUR/USD, just ahead of 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Intraday bias is turned neutral for consolidations first. But outlook will remain bearish as long as 1.0760 support turned resistance holds. Firm break of […]

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15/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8581; (P) 0.8598; (R1) 0.8608; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to resume. Intraday bias will be back on the downside for 0.8529 support first. In […]
18/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0803; (P) 1.0839; (R1) 1.0866; More…. Intraday bias in EUR/USD stays on the downside for the moment. Fall from 1.1213 is in progress for 61.8% retracement of 1.0447 to 1.1213 at 1.0740 next. Firm break there will target 1.0601 support next. On the upside, above 1.0900 minor resistance will turn intraday bias […]
10/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2688; (P) 1.2750; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the rise […]