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EUR/JPY’s rebound last week suggests that corrective pull back from 161.84 has completed at 158.06 already. Initial bias remains on the upside for 161.84 resistance first. Firm break there will rebound whole rise from 153.15 to retest 161.84. For now, further rally is expected as long as 158.06 support holds, in case of retreat. In […]

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EUR/USD Mid-Day Outlook

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04/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9005; (P) 0.9050; (R1) 0.9074; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9094. On the downside, break of 55 4H EMA (now at 0.9018) will bring deeper pullback. But downside should be contained by 0.8884 resistance turned support to bring rebound. On the upside, break of 0.9094 will resume […]
30/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8831; (P) 0.8851; (R1) 0.8882; More… USD/CHF is staying in consolidation above 0.8776 and intraday bias remains neutral. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break […]
21/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8546; (P) 0.8562; (R1) 0.8578; More… Intraday bias in EUR/GBP remains neutral for the moment and outlook is unchanged. On the downside, break of 0.8497 will resume recent fall to 0.8464 projection level. However, considering bullish convergence condition in 4H MACD, sustained break of 0.8571 will confirm short term bottoming, and turn […]