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Daily Pivots: (S1) 0.9580; (P) 0.9621; (R1) 0.9673; More…. Intraday bias in EUR/CHF remains neutral for the moment, and further rise is expected as long as 0.9489 support holds. Sustained trading above 100% projection of 0.9204 to 0.9516 from 0.9331 at 0.9643 will pave the way to 161.8% projection at 0.9836 next. In the bigger […]

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USD/CHF Mid-Day Outlook

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06/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1084; (P) 1.1102; (R1) 1.1129; More…. EUR/USD’s break of 1.1104 minor resistance suggests that pullback from 1.1200 has completed at 1.1025 already. Intraday bias is back on the upside for retesting 1.1200 first. Firm break there will resume larger rally and target 61.8% projection of 1.0776 to 1.1200 from 1.1025 at 1.1287. […]
11/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s strong break of 173.50 support suggests that a short term top was formed at 175.41, on bearish divergence condition in 4H MACD. But there is no clear sign of trend reversal yet. While deeper pullback cannot be ruled out, downside could be contained by 170.87 […]
06/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8419; (P) 0.8429; (R1) 0.8439; More… EUR/GBP is staying in consolidation from 0.8399 and intraday bias remains neutral. While stronger recovery cannot be ruled out, further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will […]