Intraday bias in EUR/CHF stays on the downside at this point. Current fall from 0.9485 should target 61.8% retracement of 0.8979 to 0.9485 at 0.9172. Sustained break there will target 0.9094 support next. For now, risk will remain on the downside as long as 0.9285 resistance holds, in case of recovery. In the bigger picture, […]
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The RBA does not want to promise what it will do, but it is increasingly trying to tell us what it thinks. Central banks’ communication is carefully scrutinised for every nuance. Lately, there seems to Read more…
Eurozone private-sector growth moderated in October, with PMI Composite falling from 53.1 to 51.9, its lowest level in four months. PMI Manufacturing eased from 52.9 to 52.4, while PMI Services declined from 53.0 to 51.7, Read more…
No change in EUR/USD’s outlook as range trading continues. Intraday bias remains neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, Read more…