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Daily Pivots: (S1) 1.1542; (P) 1.1586; (R1) 1.1614; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1540. Deeper decline is expected as long as 1.1778 resistance holds. On the downside, break of 1.1540 will resume the fall from 1.1917 to 1.1390 , or further to 38.2% retracement of 1.0176 to 1.1917 at […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
There is just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1600 mark. With it being a long weekend in the US, yesterday appears to be more of a light breather after the Friday selloff. The negative risk mood is returning today and that’s weighing on equities and risk trades, while putting a slight drag on the dollar as well.
The expiries above sit near the 100-hour moving average for EUR/USD at 1.1597 and will act as an added layer in keeping price momentum capped, at least in European trading. That being said, all eyes are on the risk mood in the day ahead. If things turn sour at a quicker pace, I wouldn’t rule out the dollar also slumping amid the backlash against the US administration’s policy incoherence and erratic nature in dealing with the trade war against China.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
Daily Pivots: (S1) 151.86; (P) 152.16; (R1) 152.59; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 153.26. Downside should be contained above 149.95 resistance turned support. Break of 153.26 will target 100% projection of 142.66 to 150.90 from 145.47 at 153.71. Firm break there will pave the way to […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 151.86; (P) 152.16; (R1) 152.59; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 153.26. Downside should be contained above 149.95 resistance turned support. Break of 153.26 will target 100% projection of 142.66 to 150.90 from 145.47 at 153.71. Firm break there will pave the way to […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 151.86; (P) 152.16; (R1) 152.59; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 153.26. Downside should be contained above 149.95 resistance turned support. Break of 153.26 will target 100% projection of 142.66 to 150.90 from 145.47 at 153.71. Firm break there will pave the way to […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3309; (P) 1.3338; (R1) 1.3360; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3260. Overall outlook is unchanged that corrective pattern from 1.3787 is extending. Below 1.3260 will bring deeper decline but strong support should be seen from 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3309; (P) 1.3338; (R1) 1.3360; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3260. Overall outlook is unchanged that corrective pattern from 1.3787 is extending. Below 1.3260 will bring deeper decline but strong support should be seen from 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3309; (P) 1.3338; (R1) 1.3360; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3260. Overall outlook is unchanged that corrective pattern from 1.3787 is extending. Below 1.3260 will bring deeper decline but strong support should be seen from 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8009; (P) 0.8033; (R1) 0.8067; More… Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.8075. Price actions from 0.7828 are currently seen as correcting whole fall from 0.9200. Above 0.8075 will target 0.8170 resistance next. On the downside, though, break of 0.7944 support will bring retest of […]
The post USD/CHF Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8009; (P) 0.8033; (R1) 0.8067; More… Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.8075. Price actions from 0.7828 are currently seen as correcting whole fall from 0.9200. Above 0.8075 will target 0.8170 resistance next. On the downside, though, break of 0.7944 support will bring retest of […]
The post USD/CHF Daily Outlook appeared first on Action Forex.
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