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EUR/AUD’s correction from 1.7417 extended lower last week but was supported by 1.6900 support as expected so far. Initial bias remains neutral this week and further rise is expected. On the upside, above 1.7270 resistance will argue that the correction has completed, and bring retest of 1.7417. Firm break there will resume larger rise from […]

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EUR/USD Weekly Outlook

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03/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0736; (P) 1.0758; (R1) 1.0790; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0723. But risk will stay on the downside as long as 1.0834 support turned resistance holds, in case of recovery. Below 1.0723 will bring retest of 1.0694 support first. Decisive break there will resume the whole decline […]
10/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD’s break of 1.0790 support argues that rebound from 1.0723 has completed at 1.0884 already. Intraday bias is back on the downside of 1.0723 support. Break there will target 1.0694 support next. For now, risk will stay mildly on the downside as long as 1.0884 resistance […]
24/03/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2878; (P) 1.2926; (R1) 1.2965; More… Intraday bias in GBP/USD stays mildly on the downside for the moment. Correction from 1.3013 would extend to 38.2% retracement of 1.2248 to 1.3013 at 1.2721. Strong support should be seen there to bring rebound. On the upside, break of 1.3013 will resume the rally from […]