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Daily Pivots: (S1) 0.9282; (P) 0.9392; (R1) 0.9492; More…. Intraday bias in EUR/CHF is turned neutral with current recovery. But risk will stay on the downside as long as 0.9486 support turned resistance holds. On the downside, decisive break of 0.9331 structural support indicate that whole rally from 0.9204 has completed as a three-wave correction […]

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27/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8508; (P) 0.8520; (R1) 0.8528; More… Intraday bias in EUR/GBP remains neutral for the moment, and further decline is expected as long as 55 D EMA (now at 0.8561) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as […]
08/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8706; (P) 0.8730; (R1) 0.8770; More…. USD/CHF’s rally from 0.8332 resumed after brief retreat, and intraday bias is back on the upside. Further rally should be seen to 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, break of 0.8550 support is needed to indicate completion of the rebound. […]
31/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Further decline is expected in EUR/USD with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 support zone next. Nevertheless, […]