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EUR/AUD Day by day Outlook

eur/aud-day-by-day-outlook

Day by day Pivots: (S1) 1.6612; (P) 1.6688; (R1) 1.6738; Extra…

EUR/AUD recovered shortly after dipping to 1.6631 and intraday bias stays impartial at this level. On the upside, sustained break of 1.6843 will resume the rebound from 1.6319 for retesting 1.7062 excessive subsequent. On the draw back, nevertheless, beneath 1.6631 minor help will flip bias again to the draw back for 1.6449 help as a substitute.

Within the larger image, whereas 1.7062 is a medium time period prime, there is no such thing as a clear signal of pattern reversal as EUR/AUD continues to attract sturdy help from the medium time period pattern line. Break of 1.7062 will resume the bigger up pattern from 1.4281 (2022 low) to 1.7691 fibonacci stage. However, break of 1.6449 help will argue that deeper correction is underway to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.

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