Daily Pivots: (S1) 1.6487; (P) 1.6526; (R1) 1.6572; More… EUR/AUD is extending the consolidation from 1.6452 and intraday bias remains neutral. Further decline is expected with 1.6793 resistance intact. Fall from 1.7062 is seen as a larger scale correction. Below 1.6452 will target 1.6000 fibonacci level. Nevertheless, firm break of 1.6793 will dampen this view
EURAUD Outlook
Daily Pivots: (S1) 1.6509; (P) 1.6563; (R1) 1.6602; More… Intraday bias in EUR/AUD remains neutral as consolidation form 1.6452 is still extending. Further decline is expected with 1.6793 resistance intact. Fall from 1.7062 is seen as a larger scale correction. Below 1.6452 will target 1.6000 fibonacci level. In the bigger picture, current development argues that
Daily Pivots: (S1) 1.6559; (P) 1.6588; (R1) 1.6639; More… Intraday bias in EUR/AUD remains neutral for consolidation above 1.6452 temporary low. But further decline is in favor as long as 1.6793 resistance holds. Fall from 1.7062 is seen as a larger scale correction. Below 1.6452 will target 1.6000 fibonacci level. In the bigger picture, current
Daily Pivots: (S1) 1.6450; (P) 1.6591; (R1) 1.6667; More… Intraday bias in EUR/AUD is turned neutral with current recovery, and some consolidations could be seen. But risk will stay on the downside as long as 1.6793 resistance holds. Fall from 1.7062 is seen as a larger scale correction. Below 1.6452 will target 1.6000 fibonacci level.
Daily Pivots: (S1) 1.6704; (P) 1.6799; (R1) 1.6906; More… Intraday bias in EUR/AUD stays neutral first, with focus on 1.6887 resistance. Firm break there should confirm that correction from 1.7062 has completed at 1.6647. Further rally should be seen through 1.7062 to 1.7377 projection level. On the downside, break of 1.6647 will extend the correction
Daily Pivots: (S1) 1.6664; (P) 1.6695; (R1) 1.6740; More… Immediate focus is now on 1.7887 resistance will today’s rebound. Firm break there should confirm that correction from 1.7062 has completed at 1.6647. Further rally should be seen through 1.7062 to 1.7377 projection level. On the downside, break of 1.6647 will extend the correction lower instead.
Daily Pivots: (S1) 1.6653; (P) 1.6730; (R1) 1.6782; More… EUR/AUD’s fall from 1.7062 is in progress and intraday bias remains on the downside. Deeper fall would be seen to 55 D EMA (now at 1.6621). Strong support could be seen from there to bring rebound. On the upside, break of 1.6887 resistance will suggest that