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Daily Pivots: (S1) 1.1526; (P) 1.1648; (R1) 1.1711; More… Intraday bias in EUR/USD remains on the downside with focus on 55 D EMA (now at 1.1538). Sustained break there will argue that fall from 1.1829 is already correcting the whole rise from 1.0176. Deeper decline should then be seen to 38.2% retracement of 1.0176 to […]

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EUR/CHF Daily Outlook

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07/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9740; (P) 0.9753; (R1) 0.9773; More… Intraday bias in EUR/CHF is turned neutral with current recovery. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as 0.9835 resistance holds. Below 0.9278 will turn bias back to […]
25/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8389; (P) 0.8403; (R1) 0.8413; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger picture, down trend from 0.9267 […]
25/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2958; (R1) 1.3007; More… Intraday bias in GBP/USD remains neutral for consolidations above 1.2906 temporary low. Below 1.2906 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break 1.3070 resistance will indicate short term bottoming, […]