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Daily Pivots: (S1) 1.0807; (P) 1.0829; (R1) 1.0860; More… EUR/USD recovers mildly in early US session but stays in range below 1.0887. Intraday bias stays neutral at this point. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0832) will affirm the case that fall from 1.1138 has completed. […]

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22/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 150.69; (P) 151.22; (R1) 152.18; More… USD/JPY is staying in consolidation from 151.82 and intraday bias remains neutral. Further rally is expected as long as 55 4H EMA (now at 149.97) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next near term target […]
04/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0888; (P) 1.0927; (R1) 1.0960; More… Intraday bias in EUR/USD in turned neutral first with 4H MACD crossed above signal line. But further decline is mildly in favor with 1.1014 minor resistance holds. Below 1.0892 will resume the fall from 1.1138 short term top for 1.0772 support. Sustained break there will argue […]
11/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s rally continues today and intraday bias remains on the upside. Current up trend should target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. For now, outlook will remain bullish as long as 173.50 support holds, in case of retreat. In the bigger picture, […]