In focus today In the euro area, we will receive the January unemployment data and the final February PMIs. We expect the unemployment rate to remain at 6.2% due to continued employment increases in Southern Read more…
Daily Pivots: (S1) 0.8677; (P) 0.8708; (R1) 0.8726; More… EUR/GBP’s extended fall and break of 0.8705 support argues that rebound from 0.8611 has already completed at 0.8788. The pattern from 0.8863 could already be in Read more…
Daily Pivots: (S1) 1.6410; (P) 1.6520; (R1) 1.6614; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Considering bullish convergence condition in 4H MACD, firm break of 1.6691 resistance will indicate short Read more…
Daily Pivots: (S1) 183.41; (P) 184.05; (R1) 184.58; More… Intraday bias in EUR/JPY remains neutral first. On the upside, break of 184.75 will target 186.86 high. Firm break there will resume larger up trend. However, Read more…
Daily Pivots: (S1) 209.45; (P) 210.41; (R1) 211.59; More… No change in GBP/JPY’s outlook and intraday bias stays neutral at this point. Corrective fall from 214.98 should have completed at 207.20 already. On the upside, Read more…
Daily Pivots: (S1) 0.9056; (P) 0.9092; (R1) 0.9117; More…. Range trading continues in EUR/CHF and intraday bias stays neutral. Price actions from 0.9026 short term bottom are viewed as a consolidations pattern only. While stronger Read more…
Daily Pivots: (S1) 1.1526; (P) 1.1617; (R1) 1.1703; More…. EUR/USD’s fall fro 1.2081 is in progress and intraday bias remains on the downside. Sustained break of 1.1576 structural support would confirm rejection by 1.2 key Read more…
Daily Pivots: (S1) 1.3266; (P) 1.3345; (R1) 1.3438; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3867 should at least be correcting the rise from 1.2009. Deeper fall should Read more…
Daily Pivots: (S1) 157.24; (P) 157.60; (R1) 158.06; More… Intraday bias in USD/JPY stays on the upside for the moment. Rise from 152.25 should now target a retest on 159.44 high. On the downside, below Read more…
Daily Pivots: (S1) 0.7775; (P) 0.7827; (R1) 0.7870; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Rebound from 0.7603 is seen as correcting the whole fall from 0.9022. Further rise Read more…