EUR/USD’s rally from 1.0176 resumed last week and spiked higher to 1.1145. But a temporary top was formed there with subsequent retreat. Initial bias remains neutral this week for consolidations. Downside of retreat should be contained by 38.2% retracement of 1.0176 to 1.1145 at 1.0775 to bring rebound. Above 1.1145 will target 1.1213/74 key resistance […]
Daily Pivots: (S1) 0.6341; (P) 0.6365; (R1) 0.6393; More… Intraday bias in AUD/USD is turned neutral again with current recovery. Some consolidations would be seen above 0.6336 temporary low. But outlook will stay bearish as long as 55 D EMA (now at 0.6554) holds. Break of 0.6336 will resume the fall from 0.6941 to 0.6269 […]
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