Daily Pivots: (S1) 1.2737; (P) 1.2777; (R1) 1.2810; More….. Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further rise is in favor as long as 1.2693 support holds. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn […]
EUR/CHF continued to struggle below long term falling channel resistance last week. Initial bias stays neutral this week for more consolidation below 0.9660. But after all, further rally is expected as long as 0.9489 support holds. Break of 0.9660 will resume whole rise from 0.9204. In the bigger picture, prior strong break of 55 W […]
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