Daily Pivots: (S1) 1.0850; (P) 1.0870; (R1) 1.0870; More… Intraday bias in EUR/USD is turned neutral first as consolidation from 1.0844 temporary low is extending. Further decline is expected as long as 1.0941 resistance holds. Fall from 1.1094 short term top is seen as correcting whole up trend from 0.9534. Below 1.0844 will target 1.0515 […]
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EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…
GBP/USD’s downside acceleration last week and break of 1.2256 fibonacci level suggest larger bearish trend reversal. Initial bias stays on the downside this week. Next near term target is 100% projection of 1.3433 to 1.2486 Read more…