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USD/CHF’s recovery from 0.7872 extended last week but retreated after hitting 0.7984 minor resistance. Initial bias remains neutral this week first and deeper decline is still in favor. On the downside, below 0.7913 will turn bias to the downside for 0.7872 support, and then 0.7828 low. However, firm break of 0.7984 will suggest that corrective […]

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11/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0939; (P) 1.0957; (R1) 1.0990; More… EUR/USD recovers mildly overnight and stays firm in Asian session. Nevertheless, it’s still capped below 1.0997 minor resistance. Intraday bias stays neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break […]
13/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0757; (P) 1.0773; (R1) 1.0787; More… Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 55 4H EMA (now at 1.0747) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA will […]
22/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2336; (P) 1.2402; (R1) 1.2437; More… Intraday bias in GBP/USD remains on the downside at this point. Decisive break of 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354 will extend the fall from 1.2892 to 161.8% projection at 1.2207 next. On the upside, above 1.2467 minor resistance will turn bias […]