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EUR/AUD Day by day Outlook


Day by day Pivots: (S1) 1.4842; (P) 1.4888; (R1) 1.4954; Extra…

EUR/AUD’s rally from 1.4965 resumed by breaking by means of 1.4965. Intraday bias is again on the upside. Additional rise needs to be seen to 61.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5139 after which 100% projection at 1.5400. On the draw back, break of 1.4716 assist is required to point completion of the rebound. In any other case, additional rise will stay in favor in case of retreat.

Within the larger image, down pattern from 1.9799 remains to be in progress. Break of 1.4318 low will goal 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is near 1.3624 long run assist (2017 low). It will stay the favored case now so long as 1.5396 resistance holds.

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