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Daily Pivots: (S1) 1.1377; (P) 1.1462; (R1) 1.1507; More… EUR/USD’s breach of 11357 minor support suggests short term topping at 1.1572, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for deeper pullback. But downside should be contained by 38.2% retracement of 1.0176 to 1.1572 at 1.1039. On the upside, […]

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13/01/2024

EUR/USD Weekly Outlook

EUR/USD turned into range trading above 1.0876 last week. Initial bias stays neutral this week first, but further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the fall from 1.1138 to 1.0722 support next. Nevertheless, firm break of 1.0997 will turn bias back to the upside for […]
30/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9739; (P) 0.9772; (R1) 0.9793; More… Intraday bias in EUR/CHF stays neutral for more consolidations. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 to retest 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the corrective pattern form […]
01/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6532; (P) 1.6562; (R1) 1.6598; More… Range trading continues in EUR/AUD and intraday bias remains neutral. Near term outlook will stays cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance next. […]