by OverviewFX | Aug 15, 2024 | Forex
Daily Pivots: (S1) 1.0981; (P) 1.1014; (R1) 1.1046; More….. Intraday bias in EUR/USD is turned neutral with current steep retreat. Some consolidations would be seen first. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of...
by OverviewFX | Aug 15, 2024 | Forex
Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations would be seen below 1.2872 temporary top. But further rise is in favor as long as 1.2754 minor support holds. As noted...
by OverviewFX | Aug 15, 2024 | Forex
Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously flat). Trade in the auto sector was up 3.6% m/m,...
by OverviewFX | Aug 15, 2024 | Forex
Daily Pivots: (S1) 0.8625; (P) 0.8643; (R1) 0.8669; More…. Intraday bias in USD/CHF is back on the upside as rise from 0.8413 resumed by breaking through 0.8710. Focus is now on 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Sustained break there will bring stronger...
by OverviewFX | Aug 15, 2024 | Forex
Daily Pivots: (S1) 146.40; (P) 147.00; (R1) 147.91; More… Immediate focus is now on 38.2% retracement of 161.94 to 141.67 at 149.41 as USD/JPY’s rebound from 141.67 extends. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a...
by OverviewFX | Aug 15, 2024 | Forex
Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… EUR/JPY’s break of 38.2% retracement of 175.41 to 154.40 at 162.42 suggests that fall from 175.41 has completed at 154.40. Rise from there is now seen as the second leg of the corrective pattern from 175.41....
