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Daily Pivots: (S1) 1.0767; (P) 1.0803; (R1) 1.0844; More… EUR/USD’s rebound from 1.0694 is still in progress and intraday bias stays mildly on the upside. Sustained trading above above 55 D EMA (now at 1.0832) will argue that fall from 1.1138 has completed and target this resistance. Meanwhile, rejection by 55 D EMA, followed by […]

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03/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3126; (P) 1.3140; (R1) 1.3162; More… GBP/USD is still extending the consolidation from 1.3265 and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection […]
19/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2716; (P) 1.2731; (R1) 1.2745; More… Intraday bias in GBP/USD remains on the downside as fall from 1.2892 is in progress. Sustained break of 55 D EMA (now at 1.2677) will target 1.2517 structural support next. On the upside, above 1.2758 minor resistance will turn intraday bias neutral first. In the bigger […]
22/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0618; (P) 1.0648; (R1) 1.0686; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0601. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. […]