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Daily Pivots: (S1) 1.6565; (P) 1.6610; (R1) 1.6685; More… EUR/AUD is still bounded in consolidation from 1.6800 and intraday bias stays neutral. Downside should be contained by 38.2% retracement of 1.5963 to 1.6800 at 1.6480 in case of another fall. Firm break of 1.6800 will resume the rally from 1.5963. However, firm break of 1.6480 […]

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04/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.25; (P) 165.69; (R1) 166.14; More…. Intraday bias in EUR/JPY remains neutral for consolidation below 166.67. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence condition in […]
13/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0760; (P) 1.0794; (R1) 1.0829; More… Intraday bias in EUR/USD stays neutral and further decline is mildly in favor as long as 1.0827 minor resistance holds. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. […]
25/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1128; (P) 1.1155; (R1) 1.1206; More…. Immediate focus is now on 1.1200 resistance as EUR/USD’s rebound from 1.1001 extends today. Break there will resume the rally from 1.0665 to retest 1.1274 high. Firm break there will resume larger up trend. Next near term target will be 100% projection of 1.0776 to 1.1200 […]