Daily Pivots: (S1) 1.4839; (P) 1.4945; (R1) 1.5098; More…

Intraday bias in EUR/AUD remains neutral for consolidation above 1.4561. Stronger recovery cannot be ruled out But upside upside should be limited well below 1.5354 support turned resistance to bring fall resumption. On the downside, break of 1.4561 will target 161.8% projection of 1.6343 to 1.5354 from 1.6223 at 1.4476. Sustained break there will pave the way to 1.3624 long term target zone.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interim rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

Daily Pivots: (S1) 1.4639; (P) 1.4763; (R1) 1.4961; More…

A temporary low is formed at 1.4561 in EUR/AUD and intraday bias is turned neutral first. Some consolidations could be seen, but upside should be limited well below 1.5354 support turned resistance to bring fall resumption. On the downside, break of 1.4561 will target 161.8% projection of 1.6343 to 1.5354 from 1.6223 at 1.4476. Sustained break there will pave the way to 1.3624 long term target zone.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interim rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

Daily Pivots: (S1) 1.4715; (P) 1.4911; (R1) 1.5019; More…

EUR/AUD drops to as low as 1.4561 so far today and intraday bias stays on the downside. Next target is 161.8% projection of 1.6343 to 1.5354 from 1.6223 at 1.4476. Sustained break there will pave the way to 1.3624 long term target zone. On the upside, above 1.4987 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interim rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

EUR/AUD dropped to as low as 1.5583 last week and the strong break of 1.5250 confirmed resumption of larger down trend from 1.9799. Initial bias stays on the downside this week for next target at 161.8% projection of 1.6343 to 1.5354 from 1.6223 at 1.4476. On the upside, above 1.5118 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interest rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the longer term picture, fall from 1.9799 (2020 high) is seen as the third leg of the pattern from 2.1127 (2008 high. Deeper fall should be seen to 1.3624 support. Decisive break there would pave the way back to 1.1602 (2012 low).

Daily Pivots: (S1) 1.5035; (P) 1.5141; (R1) 1.5208; More…

EUR/AUD drops to as low as 1.4987 so far today and there is no sign of bottoming yet. Current decline is part for the down trend from 1.9799. Intraday bias stays on the downside for 161.8% projection of 1.6343 to 1.5354 from 1.6223 at 1.4476. On the upside, above 1.5243 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall.

In the bigger picture, down trend from 1.9799 (2020 high) in in progress for 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733 and below. But we’d tentatively look for bottoming sign above 1.3624 long term support, for an interim rebound. However, break of 1.5354 support turned resistance is now needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.5201; (P) 1.5272; (R1) 1.5317; More…

EUR/AUD’s fall continues today and break of 1.5250 low indicates resumption of larger down trend from 1.9799. Intraday bias stays on the downside for 100% projection of 1.6343 to 1.5354 from 1.6223 at 1.5143. Sustained break there will pave the way to 161.8% projection at 1.4476. On the upside, break of 1.5559 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook stays bearish in case of recovery.

In the bigger picture, break of 1.5250 support indicates resumption of whole down trend from 1.9799 (2020 high). Next target is 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733 and below. But we’d tentatively look for bottoming sign above 1.3624 long term support, for an interim rebound. Meanwhile, break of 1.6223 resistance is now needed to indicate medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.5274; (P) 1.5366; (R1) 1.5428; More…

Intraday bias in EUR/AUD remains on the downside for 1.5250 low. Decisive break there will resume larger down trend from 1.9799. Next near term target will be 100% projection of 1.6343 to 1.5354 from 1.6223 at 1.5143. On the upside, break of 1.5559 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook stays bearish in case of recovery.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 (2020 high) is in favor to extend through 1.5250 at a later stage. Next target is 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5390; (P) 1.5487; (R1) 1.5539; More…

EUR/AUD drops to as low as 1.5336 so far and intraday bias remains on the downside. Break of 1.5354 support should now pave the way to 1.5250 low. Decisive break there will resume larger down trend from 1.9799. Next near term target will be 100% projection of 1.6343 to 1.5354 from 1.6223 at 1.5143. On the upside, break of 1.5679 resistance is needed to indicate short term bottoming. Otherwise, outlook stays bearish in case of recovery.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 (2020 high) is in favor to extend through 1.5250 at a later stage. Next target is 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5390; (P) 1.5487; (R1) 1.5539; More…

EUR/AUD’s decline continues today and hits as low as 1.5382 so far. Intraday bias stays on the downside for 1.5250/5354 support zone. Decisive break there will resume larger down trend from 1.9799. Next near term target will be 100% projection of 1.6343 to 1.5354 from 1.6223 at 1.5143. On the upside, break of 1.5679 resistance is needed to indicate short term bottoming. Otherwise, outlook stays bearish in case of recovery.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 (2020 high) is in favor to extend through 1.5250 at a later stage. Next target is 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5508; (P) 1.5594; (R1) 1.5671; More…

Intraday bias in EUR/AUD remains on the downside at this point. Corrective rebound from 1.5354 should have completed with three waves up to 1.6223. Deeper fall should be seen to 1.5250/5354 support zone. For now, risk will stay on the downside as long as 1.5837 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

EUR/AUD’s decline and break of 1.5559 support last week suggests that rebound from 1.5354 has completed with three waves up to 1.6223. Initial bias remains on the downside this week for 1.5250/5354 support zone. For now, risk will stay on the downside as long as 1.5837 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Further decline will remain in favor as long as 38.2% retracement of 1.9799 to 1.5250 at 1.6988 holds. Break of 1.5250 will target 61.8 retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5561; (P) 1.5621; (R1) 1.5686; More…

Intraday bias in EUR/AUD remains on the downside for the moment. Firm break of 1.5559 support should indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Further decline would then be seen back to 1.5250/5354 support zone. For now, risk will stay on the downside as long as 1.5837 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5574; (P) 1.5636; (R1) 1.5691; More…

EUR/AUD’s fall from 1.6223 is still in progress and intraday bias stays on the downside. Break of 1.5559 support should indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Further decline would then be seen back to 1.5250/5354 support zone. On the upside, above 1.5837 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5662; (P) 1.5708; (R1) 1.5736; More…

Intraday bias in EUR/AUD remains on the downside for 1.5559 support. Break there should indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Further decline would then be seen back to 1.5250/5354 support zone. On the upside, above 1.5837 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5697; (P) 1.5744; (R1) 1.5780; More…

EUR/AUD’s fall form 1.6223 is still in progress and intraday bias stays on the downside for 1.5559 support. Break there should indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Further decline would then be seen back to 1.5250/5354 support zone. On the upside, above 1.6002 minor resistance will bring retest of 1.6223 resistance instead. On the upside, above 1.5837 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.5250 low are seen as a corrective pattern. Further extension could be seen and another rise cannot be ruled out. But strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5731; (P) 1.5779; (R1) 1.5825; More…

Intraday bias in EUR/AUD stays mildly on the downside at this point. Rise from 1.5559 could have completed at 1.6223 already. Deeper fall would be seen to 1.5559 support first. Break there will also indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Further decline would then be seen back to 1.5250/5354 support zone. On the upside, above 1.6002 minor resistance will bring retest of 1.6223 resistance instead.

In the bigger picture, rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

EUR/AUD’s break of 1.5776 support last week argues that rise from 1.5559 has completed at 1.6223 already. Initial bias is now on the downside for 1.5559 support first. Break there will also indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Deeper fall would then be seen back to 1.5250/5354 support zone. On the upside, above 1.6002 minor resistance will bring retest of 1.6223 resistance instead.

In the bigger picture, rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Further decline will remain in favor as long as 38.2% retracement of 1.9799 to 1.5250 at 1.6988 holds. Break of 1.5250 will target 61.8 retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5760; (P) 1.5804; (R1) 1.5850; More…

EUR/AUD’s break of 1.5776 support argues that rise from 1.5559 has completed at 1.6223. Intraday bias is back on the downside for 1.5559 support first. Break there will also indicate that corrective rise from 1.5354 has completed in form of a three wave pattern. Deeper fall would then be seen back to 1.5250/5354 support zone. On the upside, above 1.6002 minor resistance will bring retest of 1.6223 resistance instead.

In the bigger picture, rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5775; (P) 1.5832; (R1) 1.5862; More…

Intraday bias in EUR/AUD remains neutral with focus on 1.5776 support. Firm break there will suggest that rise from 1.5559 has completed. Deeper fall would be seen back to this support first. On the upside, above 1.6002 will bring retest of 1.6223 resistance.

In the bigger picture, rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5840; (P) 1.5886; (R1) 1.5927; More…

Intraday bias in EUR/AUD remains neutral and outlook is unchanged. As long as 1.5776 support holds, further rise remains mildly in favor. Above 1.6002 will turn bias to the upside for 1.6223 resistance first. However, on the downside, break of 1.5776 will turn bias back to the downside for 1.5559 support instead.

In the bigger picture, rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.