Each day Pivots: (S1) 1.6641; (P) 1.6691; (R1) 1.6770; Extra…
Intraday bias in EUR/AUD stays on the upside as rise from 1.6319 is in progress. Additional rally ought to be seen to retest 1.7062 excessive subsequent. On the draw back, break of 1.6550 assist is required to point completion of the rebound. In any other case, close to time period outlook will keep mildly bullish even in case of retreat.
Within the greater image, the robust assist from medium time period rising development line signifies that rise from 1.4281 (2022 low) continues to be in progress. On resumption, subsequent goal is 100% projection of 1.5846 to 1.7062 from 1.6319 at 1.7353. In any case, outlook will keep bullish so long as 1.6319 assist holds.
