in weekly macd. Source: EUR/USD Daily Outlook, won't your trader friends like this? Considering weak momentum with 4 hour macd staying below signal line, intraday bias is turned neutral first. Decisive break of 125.85 will confirm and target.8 projection.56 to 125.85 from.97 at 130.04 and then 135.20 long term resistance. However, sustained break of 111.12/13 will bring deeper decline to 100 projection of 118.65 to 111.58 from 115.49 at 108.42. A break.2 key resistance is still expected in the medium term long term. Intraday bias remains on the downside for.1154/98 key support zone again. Downside should be contained by support zone.1198 (2016 high) and.8 retracement.0629.2004.1154 to complete it and bring rebound.
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Daily Pivots: (S1) 111.21; (P) 112.03; (R1) 112.54; More USD/JPYs fall from 118.65 resumed by taking out 111.58 and reaches as low as 111.42.
In the bigger picture, price actions from 125.85 high are seen as a corrective pattern.
The impulsive structure of the rise from.97 suggests that the.
Daily Pivots: (S1) 127.75; (P) 128.25; (R1) 129.00; More.
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Daily Pivots: (S1).1317; (P).1360; (R1).1384; More, eUR/CHFs break.1343 suggests resumption of fall from.1501. advertisement, in the bigger picture, price actions from.1300 is seen as a corrective pattern. Some consolidations would be seen but downside should be contained above.1444 resistance turned support and bring another rally. Intraday bias remains on the downside for.5271/5313 cluster support zone next. Decisive break.1300 will resume the down trend from.2555.8 retracement.0339 (2017 low).2555.1186 next. However, sustained break of the mentioned support zone will mark reversal of the long term trend. On the upside, break.1499 will resume the rebound from.1302.1621 resistance instead. This level represents.8 projection of 118.65 forex trading in pakistan islamabad to 111.58 from 115.49 at 111.12 and.2 retracement.97 to 118.65 at 111.13.