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Daily Pivots: (S1) 1.1362; (P) 1.1394; (R1) 1.1418; More… EUR/USD is still bounded in tight range and intraday bias stays neutral. On the downside, break of 1.1306 will extend the correction from 1.1572. But strong support should be seen from 38.2% retracement of 1.0176 to 1.1572 at 1.1039 to contain downside. On the upside, break […]

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23/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More….. EUR/USD’s break of 1.0871 support suggests that a short term top was already formed at 1.0947, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.0810). Sustained break there will argue that whole rebound from […]
27/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6437; (P) 0.6472; (R1) 0.6511; More… Intraday bias in AUD/USD remains neutral and more sideway consolidations could be seen. Further decline is expected as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 to […]
20/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9848; (P) 0.9866; (R1) 0.9901; More…. Intraday bias in EUR/CHF remains on the upside for 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899. Decisive break there could prompt upside acceleration to 100% projection at 1.0106, which is slightly above 1.0095 key structural resistance. On the downside, below 0.9851 minor support […]