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Daily Pivots: (S1) 1.1503; (P) 1.1522; (R1) 1.1539; More… Intraday bias in EUR/USD stays mildly on the downside for the moment. Fall from 1.1917 should target 100% projection of 1.1917 to 1.1540 from 1.1727 at 1.1350. Decisive break there would prompt downside acceleration to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, […]

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26/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves […]
04/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6625; (P) 0.6650; (R1) 0.6701; More… Further rally is expected in AUD/USD as long as 0.6570 support holds. Sustained break of channel resistance (now at 0.6652) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for confirmation. […]
09/12/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9259; (P) 0.9289; (R1) 0.9317; More…. Intraday bias in EUR/CHF stays mildly on the downside at this point. Recovery fro 0.9204 could have completed after repeated rejection by falling 55 4H EMA. Deeper fall would be seen to retest 0.9204 low. Firm break of 0.9204/9 will indicate larger down trend resumption. Nevertheless, […]