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Daily Pivots: (S1) 1.0767; (P) 1.0803; (R1) 1.0844; More… Intraday bias in EUR/USD remains mildly on the upside as rebound from 1.0694 short term bottom is in progress. Sustained trading above above 55 D EMA (now at 1.0832) will argue that fall from 1.1138 has completed and target this resistance. Meanwhile, rejection by 55 D […]

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EUR/USD Mid-Day Outlook

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03/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0847; (R1) 1.0883; More…. Intraday bias in EUR/USD remains neutral as range trading continues below 1.0894. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as […]
17/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2397; (P) 1.2435; (R1) 1.2463; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Consolidation from 1.2402 is extending, but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% […]
19/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY remains neutral at this point. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 will extend the fall from 161.94, as a correction to rally from 140.25, to 38.2% retracement of 140.25 to 161.94 at 163.65. On the […]