EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1027; (P) 1.1059; (R1) 1.1083; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Corrective rebound from 1.0879 should have completed at 1.1179. Deeper fall would be seen back to 1.0879 low. On the upside, though, above 1.1092 minor resistance will turn intraday bias neutral first. Further break […]

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2780; (P) 1.2829; (R1) 1.2863; More…. GBP/USD’s consolidation from 1.3012 is still in progress and intraday bias remains neutral first. Deeper pull back could be seen. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 […]

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EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1057; (P) 1.1075; (R1) 1.1085; More… With 1.1092 minor resistance intact, intraday bias in EUR/USD remains mildly on the downside. Corrective rebound from 1.0879 should have completed at 1.1179. Deeper fall would be seen back to 1.0879 low. On the upside, though, above 1.1092 minor resistance will turn intraday bias neutral first. […]

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2835; (P) 1.2866; (R1) 1.2888; More…. GBP/USD drops notably today but it’s still seen as in consolidation from 1.3012. Intraday bias remains neutral for the moment. In case of further pull back, downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will […]

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EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1057; (P) 1.1075; (R1) 1.1085; More… Break of 1.1062 support suggests completion of corrective rebound from 1.0879. Intraday bias in EUR/USD is turned back to the downside for retesting 1.0879 low next. On the upside, though, above 1.1092 minor resistance will turn intraday bias neutral first. Further break of 1.1179 will resume […]

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2835; (P) 1.2866; (R1) 1.2888; More…. Intraday bias in GBP/USD remains neutral as consolidation from 1.3012 is extending. Deeper retreat could still be seen. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% […]

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US Crude Oil Inventory Extended Gains

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -1.59 mmb to 1286.81 mmb in the week ended November 1. Crude oil inventory jumped +7.93 mmb to 446.78 mmb (consensus: +1.52 mmb). Inventory gained in 4 out of 5 PADDs. Cushing stock added […]

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EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1045; (P) 1.1093; (R1) 1.1121; More… Focus remains on 1.1062 support in EUR/USD. Break there will suggest completion of whole rebound from 1.0879. Intraday bias will be turned back to the downside for retesting this low. On the upside, break of 1.1179 will resume the rise to 1.1412 key resistance next. In […]

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2855; (P) 1.2886; (R1) 1.2913; More…. GBP/USD’s consolidation from 1.3012 is extending and intraday bias remains neutral. Deeper retreat cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% projection […]

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2855; (P) 1.2886; (R1) 1.2913; More…. Intraday bias in GBP/USD remains bounded in consolidation from 1.3012 and intraday bias stays neutral for the moment. Deeper retreat cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume […]

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