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EUR/AUD gyrated higher last week but stayed well below 1.6800 resistance. Initial bias remains neutral this week. Corrective pattern from 1.6800 might extend further. But downside should be contained by 38.2% retracement of 1.5963 to 1.6800 at 1.6480 in case of another fall. Firm break of 1.6800 will resume the rally from 1.5963. However, firm […]

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19/10/2024

EUR/USD Weekly Outlook

EUR/USD’s decline from 1.1213 continued last week but recovered after hitting 1.0810. Initial bias remains neutral this week for consolidations. But outlook will stay bearish as long as 1.0954 resistance holds. Below 1.0810 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support […]
18/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside 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% projection of […]
19/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9713; (R1) 0.9732; More… Intraday bias in EUR/CHF is back on the downside as fall from 0.9847 resumed. Sustained break of 38.2% retracement of 0.9252 to 0.9847 at 0.9620 will bring deeper fall to 61.8% retracement at 0.9479. On the upside, though, break of 0.9721 minor resistance will turn bias […]