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Daily Pivots: (S1) 1.0849; (P) 1.0898; (R1) 1.0968; More… EUR/USD’s rally continued and met 161.8% projection of 1.0176 to 1.0531 from 1.0358 at 1.0932 already. There is no clear sign of topping yet and intraday bias stays on the upside. Sustained trading above 1.0932 will target 261.8% projection at 1.1287, which is slightly above 1.1274 […]

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18/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0855; (P) 1.0929; (R1) 1.0970; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation from 1.1016 could extend further and deeper retreat cannot be ruled out. But further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 […]
14/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8679; (P) 0.8729; (R1) 0.8768; More…. USD/CHF recovered ahead of 0.8665 support and intraday bias is turned neutral first. Risk will stay on the downside as long as 0.8819 resistance holds. On the downside, firm break of 0.8665 will resume the whole fall from 0.9243 to 0.8551 key support level. In the […]
27/01/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2383; (P) 1.2442; (R1) 1.2543; More… GBP/USD’s rebound from 1.2099 short term bottom continues today and intraday bias stays on the upside. Strong resistance could be seen 38.2% retracement of 1.3433 to 1.2099 at 1.2609, to limit upside. However, sustained trading above 1.2609 will raise the chance of reversal and target 61.8% […]