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Daily Pivots: (S1) 1.1298; (P) 1.1349; (R1) 1.1381; More… EUR/USD’s fall from 1.1572 resumed by breaking through 1.1306 support. Intraday bias is back on the downside for 100% projection of 1.1572 to 1.1306 from 1.1424 at 1.1158. But downside should be contained by 38.2% retracement of 1.0176 to 1.1572 at 1.1039 to complete the correction. […]

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18/12/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0469; (P) 1.0501; (R1) 1.0524; More… Intraday bias in EUR/USD remains neutral as range trading continues. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0668) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the bigger […]
08/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday […]
11/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.04; (P) 148.79; (R1) 149.33; More… With a temporary top formed at 149.58, intraday bias in USD/JPY is turned neutral first. Further rally is expected as long as 145.91 minor support holds. Rise from 139.57 is s seen as the second leg of the corrective pattern from 161.94. Break of 149.58 will […]