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Daily Pivots: (S1) 0.9532; (P) 0.9545; (R1) 0.9562; More… EUR/CHF’s rally is in progress for 0.9574 fibonacci resistance. Considering loss of momentum as seen in 4H MACD, upside could be limited there, at least on first attempt. On the downside, break of 0.9466 support will indicate short term topping, and turn bias back to the […]

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29/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0660; (P) 1.0707; (R1) 1.0739; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0673 minor support will turn intraday bias to the downside for retesting 1.0601 low. In the […]
01/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.65; (P) 159.39; (R1) 160.67; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. Outlook is unchanged that corrective pattern from 154.40 might have completed with three waves to 163.47 already. Risk will stay mildly on the downside as long as 163.47 resistance holds. Below 158.09 will target 154.40/155.14 support […]
02/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9787; (P) 0.9812; (R1) 0.9837; More… Intraday bias in EUR/CHF is turned neutral again with current retreat. on the upside, firm break of 0.9847 resistance will resume larger rise from 0.9252 to 61.8% projection of 0.9252 to 0.9847 from 0.9563 at 0.9931 next. However, break of 0.9748 will extend the corrective pattern […]