Daily Pivots: (S1) 1.5122; (P) 1.5230; (R1) 1.5424; More… Intraday bias in EUR/AUD stays on the upside for the moment. Rise from 1.4281 should target 100% projection of 1.4281 to 1.4965 from 1.4716 at 1.5400, which is close to 1.5396 key resistance. Firm break there will carry larger bullish implication. Next target is 161.8% projection
EURAUD Outlook
EUR/AUD’s rebound from 1.4281 resumed last week and accelerated to close strongly at 1.5310. Initial bias stays on the upside this week for 100% projection of 1.4281 to 1.4965 from 1.4716 at 1.5400, which is close to 1.5396 key resistance. Firm break there will carry larger bullish implication. Next target is 161.8% projection at 1.5823.
Daily Pivots: (S1) 1.4962; (P) 1.5045; (R1) 1.5180; More… EUR/AUD’s rally from 1.4281 is extending and intraday bias stays on the upside. Firm break of 61.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5139 will target 100% projection at 1.5400, which is close to 1.5396 key resistance. On the downside, break of 1.4716 support
Daily Pivots: (S1) 1.4844; (P) 1.4924; (R1) 1.5005; More… Intraday bias in EUR/AUD stays mildly on the upside for the moment. Current rebound form 1.4281 should target 61.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5139 and then 100% projection at 1.5400. On the downside, break of 1.4716 support is needed to indicate completion
Daily Pivots: (S1) 1.4842; (P) 1.4888; (R1) 1.4954; More… EUR/AUD’s rally from 1.4965 resumed by breaking through 1.4965. Intraday bias is back on the upside. Further rise should be seen to 61.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5139 and then 100% projection at 1.5400. On the downside, break of 1.4716 support is
Daily Pivots: (S1) 1.4761; (P) 1.4843; (R1) 1.4963; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.4965 is extending. Further rally is in favor as long as 1.4663 minor support holds. On the upside, break of 1.4965 will resume the rise from 1.4281 towards 1.5396 resistance. On the downside, however, break of 1.4663
Daily Pivots: (S1) 1.4791; (P) 1.4834; (R1) 1.4883; More… EUR/AUD is staying in consolidation from 1.4965 and intraday bias stays neutral. Further rally is in favor as long as 1.4663 minor support holds. On the upside, break of 1.4965 will resume the rise from 1.4281 towards 1.5396 resistance. On the downside, however, break of 1.4663