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EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key fibonacci level will carry larger bearish implication and target next level at 161.8% projection of 1.1213 to 1.0760 from 1.0936 […]

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15/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. EUR/USD’s fall from 1.1213 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, […]
17/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9482; (P) 0.9555; (R1) 0.9599; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, above 0.9604 minor resistance will turn […]
01/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6006; (P) 1.6077; (R1) 1.6132; More… Intraday bias in EUR/AUD remains neutral for the moment and some more consolidations could be seen above 1.5996. But outlook stays bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 […]