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EUR/GBP stayed in consolidation above 0.8512 last week and outlook is unchanged. Initial bias remains neutral this week first. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.8591 resistance holds. On the downside, break of 0.8512 will resume the decline from 0.8713 to 0.8491, and then 0.8464 projection level. […]

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EUR/USD Mid-Day Outlook

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16/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. EUR/USD is staying in consolidation below 1.1046 and intraday bias remains neutral. Another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% projection […]
15/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6703; (P) 0.6725; (R1) 0.6747; More… AUD/USD is staying in consolidation above 0.6701 temporary low and intraday bias stays neutral. Further decline is expected as long as 0.6809 minor resistance holds. On the downside, break of 0.6701 and sustained trading below 55 D EMA (now at 0.6743) should confirm rejection by 0.6941 […]
11/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8417; (P) 0.8432; (R1) 0.8441; More… No change in EUR/GBP’s outlook as consolidation from 0.8399 is still in progress. Intraday bias stays neutral. Further decline is expected with 0.8466 resistance intact. On the downside, below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger […]