GBP/USD edged higher to 1.2715 last week but subsequent retreat suggests short term topping, on bearish divergence condition in 4H MACD. Initial bias remains mildly on the downside this week for near term rising channel support (now at 1.2427). Sustained break there will indicate that corrective rebound from 1.2099 has already completed. Nevertheless, above 1.2715 […]
Daily Pivots: (S1) 0.9719; (P) 0.9739; (R1) 0.9777; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rise from 0.9476 is in progress and should target 0.9928 high next. On the downside, however, break of 0.9677 will turn bias to the downside for deeper pullback. In the bigger picture, rebound from 0.9252 […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
Share
