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EUR/AUD Day by day Outlook

eur/aud-day-by-day-outlook

Day by day Pivots: (S1) 1.5724; (P) 1.5775; (R1) 1.5832; Extra…

Intraday bias in EUR/AUD is mildly on the draw back at this level. Rebound from 1.5354 may have accomplished three waves as much as 1.6168. Deeper fall could be seen again to retest 1.5354 low. On the upside, although, above 1.5851 minor resistance will flip bias again to the upside for 1.6168 as a substitute.

Within the larger image, medium time period outlook is impartial for the second. Rise from 1.5354 is seen because the third leg of the corrective sample from 1.5250 low. Additional rise can’t be dominated out, however even in that case, robust resistance must be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Bigger down development from 1.9799 is in favor to increase by 1.5250 at a later stage.

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