Daily Pivots: (S1) 1.6313; (P) 1.6377; (R1) 1.6504; More… EUR/AUD rebounded after drawing support from 1.6255 but stays below 1.6552 resistance. Intraday bias remains neutral first. Further rally is expected with 1.6255 support intact. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest
EURAUD Outlook
Daily Pivots: (S1) 1.6254; (P) 1.6304; (R1) 1.6359; More… Outlook in EUR/AUD remains unchanged and intraday bias stays neutral. Further rally is expected with 1.6255 support intact. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest on 1.6785 high next. Nevertheless, on the
Daily Pivots: (S1) 1.6305; (P) 1.6372; (R1) 1.6471; More… EUR/AUD is staying in range below 1.6601 and intraday bias remains neutral. Further rally is in favor with 1.6231 support intact. On the upside, break of 1.6601 will resume the rebound from 1.5846 and target 1.6785 high next. However, firm break of 1.6231 will bring deeper
Daily Pivots: (S1) 1.6210; (P) 1.6331; (R1) 1.6398; More… Intraday bias in EUR/AUD stays neutral and further rally is still in favor with 1.6231 support intact. On the upside, break of 1.6601 will resume the rebound from 1.5846 and target 1.6785 high next. However, firm break of 1.6231 will bring deeper fall to extend the
Daily Pivots: (S1) 1.6359; (P) 1.6460; (R1) 1.6516; More… EUR/AUD’s pull back from 1.6601 extends lower today but stays well above 1.6231 support. Intraday bias remains neutral first and outlook stays cautiously bullish. On the upside, break of 1.6601 will resume the rebound from 1.5846 and target 1.6785 high next. However, firm break of 1.6231
Daily Pivots: (S1) 1.6446; (P) 1.6493; (R1) 1.6574; More… Intraday bias in EUR/AUD stays neutral at this point, for consolidation below 1.6601. Near term outlook stays cautiously bullish as long as 1.6231 support holds. On the upside, break of 1.6601 will target 1.6785 high next. However, firm break of 1.6231 will bring deeper fall to
EUR/AUD’s rebound from 1.5846 tried to resume last week, but retreated after edging higher to 1.6601. Initial bias remains neutral this week first. Near term outlook stays cautiously bullish as long as 1.6231 support holds. On the upside, break of 1.6601 will target 1.6785 high next. In the bigger picture, with 38.2% retracement of 1.4281