EUR/AUD’s break of 1.6785 resistance last week confirmed resumption of whole up trend from 1.4281. Initial bias remains on the upside this week. Next target is 1.7377 projection level next. On the downside, below 1.6708 minor support will turn bias neutral and bring consolidations again first. In the bigger picture, the rise from 1.4281 (2022
EURAUD Outlook
Daily Pivots: (S1) 1.6760; (P) 1.6808; (R1) 1.6903; More… EUR/AUD’s rally resumed by breaking through 1.6858 and intraday bias is back on the upside. Current rise from 1.4281 should target 1.7377 projection level next. On the downside, below 1.6708 minor support will turn bias neutral and bring consolidations again first. In the bigger picture, the
Daily Pivots: (S1) 1.6730; (P) 1.6784; (R1) 1.6863; More… Intraday bias in EUR/AUD stays neutral at this point. Further rally is expected as long as 1.6635 support holds. Above 0.6858 will resume larger up trend to 1.7377 projection level next. In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target
Daily Pivots: (S1) 1.6694; (P) 1.6777; (R1) 1.6826; More… Intraday bias in EUR/AUD is turned neutral as it retreated after hitting 1.6858. Still new term outlook stays bullish as long as 1.6635 support holds. Above 0.6858 will resume larger up trend to 1.7377 projection level next. In the bigger picture, the rise from 1.4281 (2022
Daily Pivots: (S1) 1.6693; (P) 1.6731; (R1) 1.6776; More… EUR/AUD’s up trend from 1.4281 resumed by breaking through 1.6785 resistance and intraday bias is back on the upside. Further rally should be seen to 1.7377 projection level next. Meanwhile, near term outlook will now remain bullish as long as 1.6635 support holds, in case of
Daily Pivots: (S1) 1.6677; (P) 1.6723; (R1) 1.6810; More… Intraday bias in EUR/AUD remains neutral for the moment, with focus on 1.6785 resistance. Decisive break there will confirm resumption of larger up trend, and target 1.7377 projection level next. On the downside, break of 1.6577 resistance turned support will turn bias back to the downside
EUR/AUD’s rise from 1.5846 resumed last week and hit as high as 1.6766. Immediate focus is now on 1.6785 resistance this week. Decisive break there will confirm resumption of larger up trend, and target 1.7377 projection level next. On the downside, break of 1.6577 resistance turned support will turn bias back to the downside for