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EUR/AUD Every day Outlook

eur/aud-every-day-outlook

Every day Pivots: (S1) 1.6574; (P) 1.6634; (R1) 1.6734; Extra…

EUR/AUD’s rebound from 1.6319 resumed and the break of 1.6650 resistance argues that correction from 1.7062 has accomplished. That got here after drawing assist from medium time period pattern line assist. Intraday bias is again on the upside for retesting 1.7062 excessive. For now, threat will keep on the upside so long as 1.6442 assist holds, in case of retreat.

Within the greater image, the robust assist from medium time period rising pattern line signifies that rise from 1.4281 (2022 low) remains 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.

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