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Daily Pivots: (S1) 0.8627; (P) 0.8647; (R1) 0.8685; More… Intraday bias in EUR/GBP stays neutral and more consolidations could be seen below 0.8668. Further rise is expected as long as 0.8573 resistance turned support holds. Above 0.8668 will resume the rally from 0.8354 to retest 0.8737 high. In the bigger picture, the structure from 0.8221 […]

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16/01/2025

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0248; (P) 1.0302; (R1) 1.0344; More… EUR/USD is still engaged in consolidations above 1.0176 and intraday bias stays neutral. With 1.0435 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% projection of 1.1213 to 1.0330 from […]
04/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0888; (P) 1.0927; (R1) 1.0960; More… Intraday bias in EUR/USD in turned neutral first with 4H MACD crossed above signal line. But further decline is mildly in favor with 1.1014 minor resistance holds. Below 1.0892 will resume the fall from 1.1138 short term top for 1.0772 support. Sustained break there will argue […]
03/05/2025

EUR/CHF Weekly Outlook

EUR/CHF gyrated lower last week but lacked convincing momentum. Initial bias remains neutral this week first. On the upside, above 0.9445 will resume the rebound from 0.9218, either as a corrective move or the third leg of the pattern from 0.9204. However, break of 0.9274 will suggest that that recovery has completed, and bring retest […]