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Daily Pivots: (S1) 0.8721; (P) 0.8729; (R1) 0.8738; More… EUR/GBP retreated ahead of 0.8750 resistance and intraday bias remains neutral. On the upside, firm break of 0.8750 will resume larger rise from 0.8221 to 0.8867 fibonacci level. On the downside, though, break of 0.8654 support will now indicate near term bearish reversal. In the bigger […]

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30/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6285; (P) 1.6330; (R1) 1.6383; More… Intraday bias in EUR/AUD is turned neutral against with current recovery. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume the rebound from 1.6211 […]
08/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 152.94; (P) 155.85; (R1) 158.48; More.. EUR/JPY’s fall from 164.29 extended to as low as 153.15 and breached 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). There is no clear sign of bottoming yet and intraday bias stays on the downside. Sustained trading below 154.32 will target 61.8% retracement […]
13/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. USD/CHF is staying above 0.9005 support despite today’s dip and intraday bias remains neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9082) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9006) will […]