Daily Pivots: (S1) 1.4778; (P) 1.4844; (R1) 1.4886; More…

Intraday bias in EUR/AUD remains on the upside for next medium term fibonacci level at 1.5455. On the downside, touching 1.4649 minor support will turn bias neutral and bring consolidation. But retreat should be contained by 1.4442 support and bring rise resumption.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction should be completed after defending 1.3671 key support. Rise from 1.3642 is now expected to target 61.8% retracement of 1.6587 to 1.3624 at 1.5455 and above. In any case, outlook will now stay cautiously bullish as long as 1.4309 resistance turned support holds.

EUR/AUD’s rise from 1.3624 accelerated to as high as 1.4909 last week. The strong break of 1.4721 resistance confirmed our view of trend reversal. That is the whole decline form 1.6587 has completed at 1.3624 after defending 1.3671 key support level. Further rally is now expected to next fibonacci level at 1.5455.

Initial bias in EUR/AUD remains on the upside this week. Current rally should now target next medium term fibonacci level at 1.5455. On the downside, touching 1.4649 minor support will turn bias neutral and bring consolidation. But retreat should be contained by 1.4442 support and bring rise resumption.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction should be completed after defending 1.3671 key support. Rise from 1.3642 is now expected to target 61.8% retracement of 1.6587 to 1.3624 at 1.5455 and above. In any case, outlook will now stay cautiously bullish as long as 1.4309 resistance turned support holds.

In the longer term picture, the rise from 1.1602 long term bottom isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3671 should confirm trend reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.4704; (P) 1.4770; (R1) 1.4887; More…

EUR/AUD’s rally continues today and reaches as high as 1.4909 so far. The strong break of 1.4721 key resistance should confirm our bullish view of trend reversal. Intraday bias remains on the upside. Current rise should now target 1.5455 medium term fibonacci level. On the downside, break of 1.4442 support is needed to indicate short term topping. Otherwise, outlook will remains bullish in case of retreat.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction should be completed after defending 1.3671 key support. Rise from 1.3642 is now expected to target 61.8% retracement of 1.6587 to 1.3624 at 1.5455 and above. In any case, outlook will now stay cautiously bullish as long as 1.4309 resistance turned support holds.

Daily Pivots: (S1) 1.4537; (P) 1.4612; (R1) 1.4736; More…

EUR/AUD’s rally resumed after brief retreat and reaches as high as 1.4739 so far, breaching 1.4721 key resistance. Intraday bias remains on the upside for the moment. We’d holding on to the view of trend reversal after defending 1.3671 key support. Sustained break of 1.4721 will confirm our bullish view. In such case, the next target is 1.5455 medium term fibonacci level. On the downside, break of 1.4442 support is needed to indicate short term topping. Otherwise, outlook will remains bullish in case of retreat.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4456; (P) 1.4492; (R1) 1.4540; More…

EUR/AUD recovers ahead of 4 hour 55 EMA but it’s still staying in range below 1.4649 temporary top. Intraday bias remains neutral for the moment. Also, we’re holding on to the view of trend reversal after defending 1.3671 key support. Hence, in case of another fall, downside should be contained by 1.4334 resistance turned support and rise resumption. Above 1.4649 will target 1.4721 key resistance. Decisive break of 1.4721 will confirm our bullish view. However, break of 1.4334 will suggest rejection from 1.4721 and turn bias back to the downside for 1.3980 support instead.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4434; (P) 1.4515; (R1) 1.4562; More…

Intraday bias in EUR/AUD remains neutral for consolidation below 1.4649 temporary top. We’re holding on to the view of trend reversal after defending 1.3671 key support. Hence, downside of retreat should be contained by 1.4334 resistance turned support and bring another rally. Above 1.4649 will target 1.4721 key resistance. Decisive break of 1.4721 will confirm our bullish view. However, break of 1.4334 will suggest rejection from 1.4721 and turn bias back to the downside for 1.3980 support instead.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4496; (P) 1.4573; (R1) 1.4619; More…

Intraday bias in EUR/AUD remains neutral for consolidation below 1.4649 temporary top. We’re holding on to the view of trend reversal after defending 1.3671 key support. Hence, downside of retreat should be contained by 1.4334 resistance turned support and bring another rally. Above 1.4649 will target 1.4721 key resistance. Decisive break of 1.4721 will confirm our bullish view. However, break of 1.4334 will suggest rejection from 1.4721 and turn bias back to the downside for 1.3980 support instead.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

EUR/AUD soared to as high as 1.4334 last week but lost momentum ahead 1.4721 key resistance. Overall, we’re holding on to the view of trend reversal after defending 1.3671 key support. As long as 1.3443 support holds, we’d expect another rise to break through 1.4721 to confirm our bullish view.

Initial bias in EUR/AUD is neutral this week first. Some consolidation could be seen but retreat should be contained by 1.4334 resistance turned support and bring another rally. Above 1.4649 will target 1.4721 key resistance. Decisive break of 1.4721 will confirm our bullish view. However, break of 1.4334 will suggest rejection from 1.4721 and turn bias back to the downside for 1.3980 support instead.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

In the longer term picture, the rise from 1.1602 long term bottom isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3671 should confirm trend reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.4526; (P) 1.4583; (R1) 1.4617; More…

EUR/AUD continues to lose upside moment, as seen in 4 hour MACD, ahead of 1.4721 key resistance. At this point, further rise is still expected as long as 1.4334 support holds. We’re holding on to the case of trend reversal after defending 1.3671 key support. Decisive break of 1.4721 will confirm our bullish view. However, break of 1.4334 will suggest rejection from 1.4721 and turn bias back to the downside for 1.3980 support instead.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4501; (P) 1.4550; (R1) 1.4638; More…

A temporary top could be in place at 1.4605 and intraday bias in EUR/AUD is turned neutral for consolidation. Downside of retreat should be contained by 1.4334 support and bring another rise. We’re holding on to the case off trend reversal after defending 1.3671 key support. Above 1.4605 will target 1.4721 resistance. Decisive break of 1.4721 will confirm our bullish view.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4384; (P) 1.4462; (R1) 1.4577; More…

EUR/AUD’s really continues today and reaches as high as 1.4570 so far. Intraday bias remains on the upside for 1.4721 key resistance next. As noted before, we’re holding on to the case off trend reversal after defending 1.3671 key support. Decisive break of 1.4721 should confirm. On the downside, below 1.4437 minor support will turn intraday bias neutral and bring consolidation. But retreat should be contained well above 1.4166 support and bring rise resumption.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4301; (P) 1.4370; (R1) 1.4423; More…

Intraday bias in EUR/AUD remains on the upside as rise from 1.3624 is in progress. Further rally would be seen to 1.4721 key resistance. As noted before, we’re holding on to the case off trend reversal after defending 1.3671 key support. Decisive break of 1.4721 should confirm. On the downside, break of 1.4166 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4165; (P) 1.4213; (R1) 1.4259; More…

EUR/AUD’s rally resumed by surging through 1.4334 to as high as 1.4437 so far. Intraday bias is back on the upside for 1.4721 key resistance. As noted before, we’re holding on to the case off trend reversal after defending 1.3671 key support. Decisive break of 1.4721 should confirm. On the downside, break of 1.4166 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

EUR/AUD surged to as high as 1.4334 last week and the break of 1.4309 resistance indicates resumption of whole rebound from 1.3624. The development also affirm the case of trend reversal after defending 1.3671 key support. While some consolidations would be seen in near term below 1.4334 first. Further upside is expected in EUR/AUD ahead.

Initial bias in EUR/AUD remains neutral this week for consolidation below 1.4334 temporary top. Downside of retreat should be contained well above 1.3980 support and bring another rally. Above 1.4334 will turn bias to the upside for 1.4721 key resistance level next. Decisive break there will confirm our bullish view of trend reversal.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after defending 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

In the longer term picture, the rise from 1.1602 long term bottom isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3671 should confirm trend reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.4199; (P) 1.4267; (R1) 1.4305; More…

A temporary top is in place at 1.4334 and intraday bias in EUR/AUD is turned neutral first. We’re holding on to the case off trend reversal after defending 1.3671 key support. Downside of current retreat should be contained well above 1.3980 support and bring another rally. Above 1.4334 will target 1.4721 key resistance. Decisive break there will confirm our bullish view.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after testing 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4214; (P) 1.4256; (R1) 1.4328; More…

Intraday bias in EUR/AUD remains on the upside for 1.4309 resistance. Current development affirmed the case of trend reversal after defending 1.3671 key support. Break of 1.4309 will target 1.4721 key resistance and firm break there will confirm our bullish view. On the downside, below 1.4183 minor support will turn bias neutral first. But we’ll stay bullish as long as 1.3980 support holds.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after testing 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.4061; (P) 1.4134; (R1) 1.4263; More…

EUR/AUD’s strong rise and break of 1.4215 resistance suggests that whole rebound from 1.3624 is resuming. Intraday bias is back on the upside fort 1.4039 resistance first. Break will target 1.4721 key resistance next. As noted before, we’re favoring the case that larger fall from 1.6587 is completed at 1.3624, after defending 1.3671 key support. And the trend is reversing. Decisive break of 1.4721 should confirm our view. On the downside, however, break of 1.3980 support will dampen this view and turn bias back to the downside for retesting 1.3624 low.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after testing 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

Daily Pivots: (S1) 1.3992; (P) 1.4011; (R1) 1.4041; More…

Intraday bias in EUR/AUD remains neutral as sideway trading continues in range of 1.3872/4309. We continue to favor the case that larger fall from 1.6587 is completed at 1.3624, after defending 1.3671 key support. And the trend is reversing. On the upside, break of 1.4215 minor resistance will turn bias to the upside for 1.4309. Break there will finally resume whole rise from 1.3624 and target 1.4721 key resistance next. On the downside, however, sustained break of 1.3872 will dampen our view of trend reversal. In that case, intraday bias will be turned back to the downside for retesting 1.3624 low, with prospect of extending the larger down trend.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after testing 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

EUR/AUD stayed in range of 1.3872/4309 last week and outlook is unchanged. We continue to favor the case that larger fall from 1.6587 is completed at 1.3624, after defending 1.3671 key support. And the trend is reversing. Hence, another rise is anticipated after the consolidation from 1.4309 completes.

Initial bias in EUR/AUD stays neutral this week first. On the upside, break of 1.4215 minor resistance will turn bias to the upside for 1.4309. Break there will finally resume whole rise from 1.3624 and target 1.4721 key resistance next. On the downside, however, sustained break of 1.3872 will dampen our view of trend reversal. In that case, intraday bias will be turned back to the downside for retesting 1.3624 low, with prospect of extending the larger down trend.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after testing 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.

In the longer term picture, the rise from 1.1602 long term bottom isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3671 should confirm trend reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.4134; (P) 1.4168; (R1) 1.4211; More…

Intraday bias in EUR/AUD remains neural as it’s staying in range of 1.3872/4309. With 1.3872 support intact, further rise is in favor. And, we’re mildly favoring the case of trend reversal after defending key support level at 1.3671. On the upside, break of 1.4309 will extend the rebound from 1.3624 to 1.4721 key resistance level next. Decisive break of 1.4721 should confirm larger trend reversal. However, firm break of 1.3872 support will dampen our bullish view. In such case, intraday bias will be turned back to the downside for 1.3624 low instead.

In the bigger picture, price actions from 1.6587 medium term top are viewed as a corrective pattern. Such correction could be completed after testing 1.3671 key support. Break of 1.4721 cluster resistance (38.2% retracement of 1.6587 to 1.3624 at 1.4756) should confirm this case and target 61.8% retracement at 1.5455 and above. Overall, we’d expect the up trend from 1.1602 to resume later. However, sustained break of 1.3671 will invalidate our bullish view and would turn extend the fall from 1.6587 towards 1.1602 long term bottom.