Day by day Pivots: (S1) 1.6613; (P) 1.6654; (R1) 1.6684; Extra…
Intraday bias in EUR/AUD stays impartial first. On the draw back, agency break of 1.6631 help will flip bias again to the draw back for 1.6449 help. On the upside, sustained break of 1.6843/four will resume the rebound from 1.6319 for retesting 1.7062 excessive subsequent.
Within the greater image, whereas 1.7062 is a medium time period prime, there is no such thing as a clear signal of development reversal as EUR/AUD continues to attract robust help from the medium time period development line. Break of 1.7062 will resume the bigger up development 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.
