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EUR/GBP’s rise from 0.8239 resumed by breaking through 0.8448 and 0.8472 resistance. There is no sign of topping yet. Initial bias stays on the upside this week. Firm break of 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523 will pave the way to 0.8624 cluster resistance next. On the downside, below 0.8447 minor […]

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05/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8678; (P) 0.8717; (R1) 0.8766; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close to 0.8551 […]
09/12/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.92; (P) 158.75; (R1) 159.40; More… Intraday bias in EUR/JPY stays neutral for the moment. While recovery from 156.16 could extend higher, outlook will stay bearish as long as 55 D EMA (now at 161.87) holds. On the downside, below 157.54 minor support will bring retest of 156.16 first. Break there will […]
29/11/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9638; (P) 0.9647; (R1) 0.9663; More… Intraday bias in EUR/CHF remains neutral as it’s still stuck in sideway trading. Overall, further rally is expected with 0.9595 support intact. Decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9595 support will turn bias back […]