Daily Pivots: (S1) 1.6350; (P) 1.6407; (R1) 1.6447; More… Intraday bias in EUR/AUD remains neutral for the moment. With 1.6255 support intact, further rally is expected. 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 downside
EURAUD Outlook
EUR/AUD dipped to 1.6247 last week but quickly rebounded after drawing support from 1.6255. Outlook is unchanged and initial bias stays neutral this week first. Further rally remains in favor. 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.
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
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