EUR/AUD’s correction from 1.7062 extend lower last week. Initial bias stays on the downside this week for 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 the pull back has completed and bring retest of 1.7062 high. In
EURAUD Outlook
Daily Pivots: (S1) 1.6662; (P) 1.6782; (R1) 1.6843; More… Intraday bias in EUR/AUD is back on the downside as fall from 1.7062 is extending. Deeper decline would be seen to 55 D EMA (now at 1.6614). On the upside, above 1.6887 minor resistance will argue that the pull back has completed, and turn bias back
Daily Pivots: (S1) 1.6794; (P) 1.6834; (R1) 1.6909; More… Intraday bias in EUR/AUD remains neutral for the moment. Further rise is mildly in favor as long as 1.6737 support holds. On the upside, break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper
EUR/AUD’s fall from 1.7062 extended lower last week and the development argues that it’s already in a larger scale correction. Initial bias stays on the downside this week first. Deeper fall would be seen to 1.6000 fibonacci level. On the upside, above 1.6647 support turned resistance will turn intraday bias neutral. But risk will stay
Daily Pivots: (S1) 1.6450; (P) 1.6591; (R1) 1.6667; More… Intraday bias in EUR/AUD stays on the downside, as fall from 1.7062 is extending. Deeper decline would be seen to 1.6259 support. Break there will target 1.6000 fibonacci level. On the upside, above 1.6647 support turned resistance will turn intraday bias neutral first. In the bigger
Daily Pivots: (S1) 1.6675; (P) 1.6735; (R1) 1.6770; More… EUR/AUD’s decline from 1.7062 resumes by breaking through 1.6647 support. Intraday bias is back on the downside for 1.6601 support next. On the downside, break of 1.6793 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay mildly bearish in case of recovery. In
Daily Pivots: (S1) 1.6675; (P) 1.6735; (R1) 1.6770; More… Intraday bias in EUR/AUD remains neutral first as it could take out 1.6647 support decisively. On the downside, firm break of 1.6647 will extend the corrective fall from 1.7062 to 1.6259/6601 support zone. On the upside, firm break of 1.6887 resistance should confirm that correction from