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Daily Pivots: (S1) 1.1377; (P) 1.1462; (R1) 1.1507; More… Intraday bias in EUR/USD remains mildly on the downside. Pull back from 1.1572 short term topping could extend lower. But downside should be contained by 38.2% retracement of 1.0176 to 1.1572 at 1.1039. On the upside, break of 1.1572 will resume larger up trend. In the […]

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15/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0929; (P) 1.0958; (R1) 1.0980; More… EUR/USD is still bounded in range trading and intraday bias remains neutral. 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 […]
21/09/2024

AUD/USD Weekly Report

AUD/USD’s rally from 0.6438 resumed by breaking through 0.6823 last week. Initial bias stays on the upside this week for 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915 next. On the downside, below 0.6376 minor support will turn intraday bias neutral first. But outlook will remain cautiously bullish as long as 0.6621 support […]
21/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6233; (P) 1.6264; (R1) 1.6314; More… Intraday bias in EUR/AUD is turned neutral as it recovered after brief dip to 1.6211. Further decline remains in favor as long as 1.6381 resistance holds. Break of 1.6211 will resume larger corrective decline from 1.7062 to 1.6127 support, or further to 100% projection of 1.7062 […]