Daily Pivots: (S1) 1.6654; (P) 1.6680; (R1) 1.6715; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. But outlook is unchanged that correction from 1.7062 has completed at 1.6319. Above 1.6704 will resume the rise from 1.6319 to retest 1.7062 high. However, firm break of 1.6442 will dampen this view and turn
EURAUD Outlook
EUR/AUD’s rebound from 1.6319 resumed last week, and the development suggests that corrective fall from 1.7062 has completed, after drawing support from medium term trend line. Initial bias stays on the upside this week for retesting 1.7062 high. For now, risk will stay on the upside as long as 1.6442 support holds, in case of
Daily Pivots: (S1) 1.6574; (P) 1.6634; (R1) 1.6734; More… EUR/AUD’s rebound from 1.6319 resumed and the break of 1.6650 resistance argues that correction from 1.7062 has completed. That came after drawing support from medium term trend line support. Intraday bias is back on the upside for retesting 1.7062 high. For now, risk will stay on
Daily Pivots: (S1) 1.6492; (P) 1.6533; (R1) 1.6599; More… Intraday bias in EUR/AUD stays neutral for the moment. Sideway trading might continue further. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break there will resume the decline from 1.7062 to 1.6000 fibonacci level. On the upside, firm break of 1.6650 resistance
EUR/AUD Daily Outlook Daily Pivots: (S1) 1.6436; (P) 1.6497; (R1) 1.6549; More… Intraday bias in EUR/AUD remains neutral as sideway trading continues. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break there will resume the decline from 1.7062 to 1.6000 fibonacci level. On the upside, firm break of 1.6650 resistance will
Daily Pivots: (S1) 1.6428; (P) 1.6529; (R1) 1.6584; More… Range trading continues in EUR/AUD and intraday bias stays neutral for the moment. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break there will resume the decline from 1.7062 to 1.6000 fibonacci level. On the upside, firm break of 1.6650 resistance will
Daily Pivots: (S1) 1.6525; (P) 1.6581; (R1) 1.6636; More… Intraday bias in EUR/AUD Remains neutral at this point. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break there will resume the decline from 1.7062 to 1.6000 fibonacci level. On the upside, firm break of 1.6650 resistance will argue that pull back