EUR/GBP’s fall from 0.8863 extended last week and the break of 55 D EMA (now at 0.8745) should confirm rejection by 0.8867 key fibonacci level. Initial bias stays on the downside this week for 0.8631 cluster (38.2% retracement of 0.8221 to 0.8663 at 0.8618). For now, risk will stay on the downside as long as […]
The post EUR/GBP Weekly Outlook appeared first on ActionForex.
Daily Pivots: (S1) 0.8616; (P) 0.8628; (R1) 0.8639; More… Intraday bias in EUR/GBP remains on the downside at this point. Firm break of 0.8611 will resume the whole decline from 0.8863, and target 100% projection Read more…
Daily Pivots: (S1) 1.6176; (P) 1.6228; (R1) 1.6319; More… A temporary low is in place at 1.6125 with current recovery, and intraday bias is turned neutral in EUR/AUD first. Still, outlook will remain bearish as Read more…
Daily Pivots: (S1) 0.9025; (P) 0.9039; (R1) 0.9064; More…. EUR/CHF is extending consolidations pattern from 0.8979 and intraday bias stays neutral. Near term outlook remains bearish with 0.9149 resistance intact. On the downside, below 0.8979 Read more…