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Daily Pivots: (S1) 0.8798; (P) 0.8827; (R1) 0.8849; More… Intraday bias in USD/CHF stays neutral. Consolidation from 0.8757 is extending, but upside of recovery should be limited by 0.8911 support turned resistance to bring another fall. On the downside, below 0.8757 will resume the fall from 0.9200 and target 61.8% retracement of 0.8374 to 0.9200 […]

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28/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.94; (P) 159.82; (R1) 160.56; More…. EUR/JPY’s fall from 166.67 is still in progress and intraday bias remains on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper decline would be seen to 155.14 support next. On the upside, above 162.10 resistance […]
01/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0782; (P) 1.0819; (R1) 1.0842; More… Intraday bias in EUR/USD stays neutral as range trading continues. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0832) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. However, […]
03/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6279; (P) 1.6316; (R1) 1.6342; More…. Range trading continues in EUR/AUD above 1.6211 short term bottom and intraday bias remains neutral. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]