Daily Pivots: (S1) 1.0860; (P) 1.0887; (R1) 1.0905; More… EUR/USD’s rebound from 1.0760 short term bottoming might still extend higher. But strong resistance should be seen from 55 D EMA (now at 1.0937) to limit upside. On the downside, below 1.0831 minor support will bring retest of 1.0760 first, and then 61.8% retracement of 1.0447 […]
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EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…
GBP/USD’s fall from 1.3433 continued last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. Decisive Read more…