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EUR/AUD Each day Outlook


Each day Pivots: (S1) 1.6326; (P) 1.6382; (R1) 1.6477; Extra…

EUR/AUD rises notably at present however stays under 1.6552 resistance. Intraday bias stays impartial at this level. Outlook is unchanged that correction from 1.6785 ought to have accomplished with three waves right down to 1.5846. On the upside, break of 1.6552 will goal a retest on 1.6785 excessive subsequent. This may stay the favored case so long as 1.6231 help holds, even in case of one other dip.

Within the greater image, with 38.2% retracement of 1.4281 to 1.6785 at 1.5828 intact, rally from 1.4281 remains to be in progress. Agency break of 1.6785 will verify rise resumption. Subsequent goal is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. Then again, rejection by 1.6785 will prolong the corrective sample with one other fall leg. However outlook will keep bullish so long as 1.5828 holds.

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