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Daily Pivots: (S1) 0.9352; (P) 0.9381; (R1) 0.9428; More…. EUR/CHF’s break of 0.9408 resistance argues that fall from 0.9660 has already completed at 0.9218. Intraday bias is back on the upside for stronger rebound back to 0.9660. But strong resistance could be seen there to limit upside. After all, larger down trend is expected to […]

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EUR/GBP Daily Outlook

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11/11/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More… EUR/GBP’s decline accelerates lower today and intraday bias stays on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8324 minor resistance will turn intraday bias neutral first. But outlook will […]
06/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741. […]
21/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More… Outlook in EUR/AUD remains unchanged and intraday bias stays neutral. Further decline is expected with 1.6359 resistance intact. On the downside, break 1.6161 will resume the fall from 1.6598 for retesting 1.5996/6002 key support zone. Nevertheless, break of 1.6359 will turn bias to the upside for […]