Daily Pivots: (S1) 1.5265; (P) 1.5323; (R1) 1.5367; More… Focus stays on 1.5271 support in EUR/AUD. Decisive break there will carry larger bearish implication. Deeper decline would then be seen to 61.8% retracement of 1.4281 to 1.5976 at 1.4928. Nevertheless, rebound from current level, followed by break of 1.5425 minor resistance, will revive near term
EURAUD Outlook
Daily Pivots: (S1) 1.5291; (P) 1.5386; (R1) 1.5462; More… Intraday bias in EUR/AUD remains on the downside with focus on 1.5271 support. Decisive break there will carry larger bearish implication. Deeper decline would then be seen to 61.8% retracement of 1.4281 to 1.5976 at 1.4928. Nevertheless, rebound from current level, followed by break of 1.5499
Daily Pivots: (S1) 1.5408; (P) 1.5455; (R1) 1.5502; More… EUR/AUD’s decline from 1.5976 resumes by breaking through 1.5376 today, and intraday bias is back on the downside. Sustained break of 1.5271 support will carry larger bearish implications. Deeper fall would then be seen to 61.8% retracement of 1.4281 to 1.5976 at 1.4928. Nevertheless, rebound from
Daily Pivots: (S1) 1.5392; (P) 1.5517; (R1) 1.5592; More… Intraday bias stays neutral in EUR/AUD first. While deeper fall cannot be ruled out, strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 at 1.5329 to bring rebound. On the upside, above 1.5749 will resume the rise from 1.5376 for retesting 1.5976 high.
Daily Pivots: (S1) 1.5536; (P) 1.5609; (R1) 1.5654; More… Intraday bias in EUR/AUD remains neutral for the moment. Corrective pattern from 1.5976 could still extend with another fall. But strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 at 1.5329 to bring rebound. On the upside, above 1.5749 will resume the rise
EUR/AUD recovered to 1.5749 last week but retreated from there. Initial bias is turned neutral this week first. Corrective pattern from 1.5976 could still extend with another fall. But strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 at 1.5329 to bring rebound. On the upside, above 1.5749 will resume the rise
Daily Pivots: (S1) 1.5559; (P) 1.5655; (R1) 1.5770; More… Intraday bias in EUR/AUD stays mildly on the upside at this point. Correction from 1.5976 should have completed at 1.5376. Further rally would be seen for retesting 1.5976 first. Firm break there will resume larger rise from 1.4281. For now, risk will stay on the upside