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Daily Pivots: (S1) 1.3283; (P) 1.3344; (R1) 1.3421; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger […]

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27/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD’s recovery extends higher today but stays below 1.0609 resistance. Intraday bias remains neutral and further decline is still in favor. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. […]
30/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0793; (P) 1.0831; (R1) 1.0860; More….. EUR/USD’s fall from 1.0947 is in progress and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 […]
22/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9678; (P) 0.9733; (R1) 0.9803; More.. Intraday bias in EUR/CHF remains on the upside at this point. Sustained break of 61.8% retracement of 1.0095 to 0.9252 at 0.9773 will extend the rise from 0.9252 to 1.0095 key resistance next. On the downside, below 0.9664 minor support will turn intraday bias neutral and […]