Daily Pivots: (S1) 1.1702; (P) 1.1731; (R1) 1.1784; More… EUR/USD’s break of 1.1720 minor resistance suggests that correction fro 1.1829 has completed at 1.1555, well ahead of 55 D EMA. Intraday bias is back on the upside for retesting 1.1829 first. Firm break there will resume whole rally from 1.0176. For now, risk will stay […]
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EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…