EUR/AUD’s fall from 1.6844 extended lower last week and the development argues that rebound from 1.6449 has completed already. Further decline is now expected this week as long as 1.6694 resistance holds. Firm break of 1.6449 support will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from
EURAUD Outlook
Daily Pivots: (S1) 1.6601; (P) 1.6626; (R1) 1.6653; More… Intraday bias in EUR/AUD remains mildly on the downside for the moment. Deeper Deeper fall would be seen to 1.6449 support next. Firm break there will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is ready
Daily Pivots: (S1) 1.6596; (P) 1.6647; (R1) 1.6693; More… Intraday bias in EUR/AUD is back on the downside with break of 1.6631 support. Deeper fall would be seen to 1.6449 support next. Firm break there will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is
Daily Pivots: (S1) 1.6613; (P) 1.6654; (R1) 1.6684; More… Intraday bias in EUR/AUD stays neutral first. On the downside, firm break of 1.6631 support will turn bias back to the downside for 1.6449 support. On the upside, sustained break of 1.6843/4 will resume the rebound from 1.6319 for retesting 1.7062 high next. In the bigger
Daily Pivots: (S1) 1.6630; (P) 1.6702; (R1) 1.6759; More… Range trading continues in EUR/AUD and intraday bias stays neutral. On the upside, sustained break of 1.6843/4 will resume the rebound from 1.6319 for retesting 1.7062 high next. On the downside, however, below 1.6631 minor support will turn bias back to the downside for 1.6449 support
Daily Pivots: (S1) 1.6692; (P) 1.6747; (R1) 1.6806; More… Intraday bias in EUR/AUD remains neutral for the moment, and some more consolidations could be seen. On the upside, sustained break of 1.6843/4 will resume the rebound from 1.6319 for retesting 1.7062 high next. On the downside, however, below 1.6631 minor support will turn bias back
EUR/AUD failed to break through 1.6843 resistance decisively last week and retreated. Initial bias stays neutral this week for some more consolidations first. On the upside, sustained break of 1.6843/4 will resume the rebound from 1.6319 for retesting 1.7062 high next. On the downside, however, below 1.6631 minor support will turn bias back to the