Daily Pivots: (S1) 1.1613; (P) 1.1643; (R1) 1.1668; More…. EUR/USD is staying in consolidations below 1.1681 and intraday bias remains neutral. Further rally is in favor with 1.1590 minor support intact. Corrective fall from 1.1917 could have completed at 1.1467. Above 1.1681 will target 1.1727 resistance first. Firm break there will solidify this case and […]
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Daily Pivots: (S1) 1.3303; (P) 1.3325; (R1) 1.3344; More… GBP/USD is extending consolidations below 1.3384 temporary top. Intraday bias remains neutral. With 1.3178 support intact, further rally is still expected. As noted before, fall from 1.3787 should have completed as a three-wave correction to 1.3008. On the upside, above 1.3384 will target 1.3470 resistance. Decisive […]
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Daily Pivots: (S1) 0.8035; (P) 0.8061; (R1) 0.8093; More… Intraday bias in USD/CHF stays mildly on the upside for 0.8101 and then 0.8123 resistance. As noted before, price actions from 0.7828 are developing into a corrective pattern. Firm break of 0.8123 will target 138.2% projection of 0.7828 to 0.8075 from 0.7877 at 0.7812. For now, […]
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Daily Pivots: (S1) 1.1608; (P) 1.1633; (R1) 1.1650; More…. EUR/USD recovered after hitting 55 4H EMA but stays below 1.1681 temporary top. Intraday bias stays neutral at this point. Further rally is in favor with 1.1590 minor support intact. Corrective fall from 1.1917 could have completed at 1.1467. Above 1.1681 will target 1.1727 resistance first. […]
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The forex market was subdued through Asian session, mirroring the quiet tone in regional equities. With a major event risk just hours away, traders showed little appetite to adjust positioning, opting instead to wait for tonight’s high-profile FOMC rate decision. A 25bps cut is fully priced and universally expected, leaving no suspense around the headline […]
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EUR/USD
USD/JPY
GBP/USD
USD/CHF
USD/CAD
AUD/USD
NZD/USD
EUR/GBP
Justin prepared a weekly overview before leaving for the holidays here.
For more information on how to use this data, you may refer to this post here.
This article was written by Giuseppe Dellamotta at investinglive.com.
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