Logo-color Logo-white

Daily Pivots: (S1) 1.0289; (P) 1.0345; (R1) 1.0383; More… Intraday bias in EUR/USD remains neutral and consolidation from 1.0176 could extend. But outlook stays bearish as long as 38.2% retracement of 1.1213 to 1.0176 at 1.0572 holds. On the downside, break of 1.0176 will resume whole fall from 1.1213. However, decisive break of 1.0572 will […]

The post EUR/USD Daily Outlook appeared first on Action Forex.

previous

EUR/AUD Daily Outlook

next

USD/CHF Daily Outlook

Read More

20/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.03; (P) 197.45; (R1) 198.10; More… Intraday bias in GBP/JPY stays on the upside at this point. Rise from 191.34, as the second leg of the corrective pattern from 200.53, should target this high next. On the downside, firm break of 195.02 will argue that the third leg has started, and target […]
29/11/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… AUD/USD’s rally is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 0.6663) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for […]
07/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.97; (P) 147.23; (R1) 147.57; More… USD/JPY’s fall from 151.89 resumed by breaking through 146.22 today. Intraday bias is back on the downside for 145.06 key support. Decisive break there will carry larger bearish implication and target 142.45 fibonacci level next. On the upside, break of 147.49 minor resistance will turn intraday […]