Day by day Pivots: (S1) 1.6597; (P) 1.6617; (R1) 1.6634; Extra…
Intraday bias in EUR/USD stays on the draw back at this level, for 1.6449 assist. Agency break of 1.6449 assist will argue that the sample from 1.6319 has accomplished at 1.6844 as a corrective transfer, and fall from 1.7062 is able to resume by means of 1.6319. On the upside, above 1.6694 minor resistance will flip intraday bias impartial first.
Within the greater image, whereas 1.7062 is a medium time period high, there isn’t a clear signal of development reversal as EUR/AUD continues to attract sturdy assist 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 degree. Nonetheless, break of 1.6449 assist will argue that deeper correction is underway to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.
