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Daily Pivots: (S1) 0.8238; (P) 0.8256; (R1) 0.8271; More… Further decline is expected in EUR/GBP as long as 0.8304 resistance holds. Fall from 0.8472 would target a test on 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. Nevertheless, firm break of 0.8304 will indicate short term bottoming, and turn bias back […]

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EUR/USD Daily Outlook

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04/12/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8833; (P) 0.8861; (R1) 0.8892; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral and further rise is expected with 0.8800 support intact. On the upside, break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance next. However, firm break of 0.8800 will […]
10/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8579; (P) 0.8594; (R1) 0.8624; More… Intraday bias in USD/CHF remains mildly on the upside with 0.8529 minor support intact. Rebound from 0.8374 is in progress for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Next target […]
28/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.68; (P) 152.03; (R1) 152.62; More… USD/JPY’s rally from 139.57 resumed after brief consolidations and intraday bias is back on the upside. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.44 minor support will turn intraday bias […]