Logo-color Logo-white

EUR/GBP spiked lower to 0.8267 last week but failed to break through 0.8259 low and recovered. Initial bias remains neutral this week first. Some more range trading could be seen but outlook will stay bearish as long as 0.8446 resistance holds. Decisive break of 0.8259 will resume larger down trend to 0.8201 key support. In […]

The post EUR/GBP Weekly Outlook appeared first on Action Forex.

previous

USD/CHF Weekly Outlook

Read More

21/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.11; (P) 163.93; (R1) 164.71; More…. Intraday bias in EUR/JPY is turned neutral again with current retreat. On the upside, break of 166.67 resistance will resume the whole rebound from 154.40. However, below 161.48 will extend the fall from 166.67 towards 155.14 support instead. In the bigger picture, price actions from 175.41 […]
18/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8563; (P) 0.8590; (R1) 0.8613; More… Intraday bias in EUR/GBP remains on the downside for 0.8548 support. Firm break there will argue that larger down trend is ready to resume through 0.8491 low. On the upside, break of 0.8619 resistance is needed to indicate short term bottoming. Otherwise, further fall is in […]
01/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.8382 might extend with stronger recovery. But outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 […]