Daily Pivots: (S1) 0.8288; (P) 0.8296; (R1) 0.8306; More… Intraday bias in EUR/GBP remains neutral for the moment as range trading continues inside 0.8221/8326. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 […]
Considering bearish divergence condition in D MACD, EUR/CHF might have formed a medium term at 0.9928 with last week’s steep decline. Risk will now stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery. Break of 0.9768 and sustained trading below 55 D EMA (now at 0.9765), will bring deeper […]
The post EUR/CHF Weekly Outlook appeared first on Action Forex.
Share
