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Daily Pivots: (S1) 173.77; (P) 174.48; (R1) 174.97; More… EUR/JPY’s break of 173.88 resistance turned support indicates short term topping at 175.03, after rejection by 175.41 high. Intraday bias is back on the downside for 55 D EMA (now at 172.20). Sustained break there will argue that whole five-wave rally from 154.77 has also completed. […]

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EUR/AUD Daily Outlook

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02/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD is turned neutral against with current recovery. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 D EMA (now at 1.0770) will argue that fall from 1.0980 has completed. On the downside, though, break of […]
05/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… USD/CHF’s decline accelerates lower today. There so no sign of bottoming yet, and intraday bias stays on the downside for retesting 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall. In the bigger picture, […]
23/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8495; (P) 0.8519; (R1) 0.8535; More… Intraday bias in EUR/GBP remains on the downside at this point. Firm break of 0.8491/7 support zone will confirm larger down trend resumption. Next target is 0.8376 projection level next. On the upside though, above 0.8540 minor resistance will delay the bearish case and turn intraday […]