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EUR/AUD Day by day Outlook

eur/aud-day-by-day-outlook

Day by day Pivots: (S1) 1.5557; (P) 1.5602; (R1) 1.5677; Extra…

Intraday bias in EUR/AUD stays impartial at this level. However outlook stays bearish with 1.5743 resistance intact . On the draw back, break of 1.5354 help will resume the entire fall from 1.6434 to retest 1.5250 low. Agency break there’ll affirm resumption of long run down pattern from 1.9799.

Within the larger image, the down pattern from 1.9799 (2020 excessive) is in progress. Agency break of 1.5250 low will affirm resumption and goal 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. Sustained break there may carry extra draw back acceleration to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623. In any case, break of 1.6434 resistance is required to sign medium time period bottoming, or outlook will keep bearish.

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