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Daily Pivots: (S1) 158.49; (P) 159.73; (R1) 161.56; More… EUR/JPY’s strong break of 159.74 support turned resistance suggests that fall from 164.89 has completed with three waves down to 155.72, ahead of 154.40 key support. Intraday bias is back on the upside for 164.89 or even further to 166.67. On the downside, below 158.96 minor […]

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EUR/USD Daily Outlook

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27/01/2024

EUR/JPY Weekly Outlook

EUR/JPY turned into consolidation below 161.84 last week. Initial bias remains neutral this week first. While another dip cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. Break of 161.84 will resume the rebound from 153.15 to retest 164.29 high. In the bigger picture, price actions from 164.29 […]
14/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break […]
22/01/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0368; (P) 1.0401; (R1) 1.0461; More… Immediate focus in on 1.0435 resistance in EUR/USD’s rebound from 1.0176 extends. Firm break there will extend the rise to 38.2% retracement of 1.1213 to 1.0176 at 1.0572. Rejection by 1.0435 will keep the correction from 1.0176 relatively short. Firm break of 1.0176 will resume whole […]