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Daily Pivots: (S1) 1.0439; (P) 1.0497; (R1) 1.0532; More… EUR/USD’s fall from 1.1213 resumed by breaking through 1.0495 temporary low. Intraday bias is back on the downside for 1.0447 support and then 1.0404 key fibonacci level next. Strong support could be seen from this zone to bring rebound. But risk will stay on the downside […]

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11/06/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… EUR/GBP’s decline continues to as low as 0.8418 so far. Intraday bias remains on the downside for 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, down […]
03/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2708; (R1) 1.2792; More… Range trading continues in GBP/USD with today’s sharp fall, and intraday bias remains neutral. Consolidation from 1.2826 could still extend further, and deeper fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 […]
09/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9000) will bring deeper fall to […]