Daily Pivots: (S1) 1.5537; (P) 1.5629; (R1) 1.5680; More…

Intraday bias in EUR/AUD stays neutral for the moment and some more consolidations could be seen. But further fall is expected as long as 1.5898 resistance holds. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5354 low. However, break of 1.5898 will turn bias back to the upside for 1.6168 resistance instead.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5637; (P) 1.5683; (R1) 1.5758; More…

Intraday bias in EUR/AUD is turned neutral as it recovered after hitting 1.5559. Some sideway trading could be seen but further fall is expected as long as 1.5898 resistance holds. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5354 low. However, break of 1.5898 will turn bias back to the upside for 1.6168 resistance instead.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5609; (P) 1.5640; (R1) 1.5685; More…

Intraday bias in EUR/AUD remains mildly on the downside. As noted before, rebound from 1.5354 should have completed with three waves up to 1.6168. Deeper fall would be seen to 1.5250/5354 support zone. On the upside, break of 1.5898 is needed to indicate short term bottoming. Otherwise, further decline is in favor in case of recovery.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5604; (P) 1.5634; (R1) 1.5673; More…

EUR/AUD’s fall resumed after brief consolidation. Intraday bias is back on the downside. As noted before, rebound from 1.5354 should have completed with three waves up to 1.6168. Deeper fall would be seen to 1.5250/5354 support zone. On the upside, break of 1.5898 is needed to indicate short term bottoming. Otherwise, further decline is in favor in case of recovery.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5617; (P) 1.5656; (R1) 1.5684; More…

EUR/AUD formed a temporary low at 1.5610 and turned sideway. Intraday bias is turned neutral first, but further decline is expected with 1.5898 resistance intact. As noted before, rebound from 1.5354 should have completed with three waves up to 1.6168. Break of 1.5610 will target 1.5250/5354 support zone.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5649; (P) 1.5740; (R1) 1.5794; More…

EUR/AUD’s fall from 1.6168 resumed by breaking 1.5655. The development affirms the case that recovery from 1.5354 has completed at 1.6168. Intraday bias is back on the downside for retesting 1.5250/5354 support zone. For now, further decline will be in favor as long as 1.5898 resistance holds, in case of recovery.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5649; (P) 1.5740; (R1) 1.5794; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the downside, break of 1.5655 will resume the fall from 1.6168 to retest 1.5253/5254 support zone. On the upside, however, break of will turn bias back to the upside for retesting 1.6168 first. Break there will resume rise from 1.5354 to 1.6434 resistance.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5725; (P) 1.5804; (R1) 1.5852; More…

Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.5905 minor resistance will argue that pull back form 1.6168 is complete. Intraday bias will be turned back to the upside for retesting 1.6168 first. Break there will resume rise form 1.5354 to 1.6434 resistance. On the downside, below 1.5655 will target 1.5354 support instead.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5777; (P) 1.5839; (R1) 1.5924; More…

Intraday bias in EUR/AUD remains neutral at this point. On the upside, break of 1.5905 minor resistance will argue that pull back form 1.6168 is complete. Intraday bias will be turned back to the upside for retesting 1.6168 first. Break there will resume rise form 1.5354 to 1.6434 resistance. On the downside, below 1.5655 will target 1.5354 support instead.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5735; (P) 1.5787; (R1) 1.5820; More…

Intraday bias in EUR/AUD remains neutral for the moment. At this point, we’re slightly favoring the case the rebound from 1.5354 has completed with three waves up to 1.6168. Below 1.5655 will affirm this case and target 1.5354 and then 1.5250 low. However, above 1.5905 will turn bias back to the upside for retesting 1.6168 instead.

In the bigger picture, medium term outlook remains neutral for the moment. 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 dropped further to 1.5655 last week but quickly recovered. Initial bias is neutral this week first. At this point, we’re slightly favoring the case the rebound from 1.5354 has completed with three waves up to 1.6168. Below 1.5655 will affirm this week and target 1.5354 and then 1.5250 low. However, above 1.5905 will turn bias back to the upside for retesting 1.6168 instead.

In the bigger picture, medium term outlook remains neutral for the moment. 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) 1.5690; (P) 1.5743; (R1) 1.5827; More…

Despite dipping to 1.5655, EUR/AUD quickly recovered. Intraday bias remains neutral first. On the downside, break of 1.5655 will revive the case that rebound from 1.5354 has completed, and bring retest of this support. On the upside, break of 1.6168 will resume the rise from 1.5354 to 1.6434 resistance.

In the bigger picture, medium term outlook is neutral for the moment. 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) 1.5699; (P) 1.5779; (R1) 1.5823; More…

Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.5716 will revive the case that rebound from 1.5354 has completed, and bring retest of this support. On the upside, break of 1.6168will resume the rise from 1.5354 to 1.6434 resistance.

In the bigger picture, medium term outlook is neutral for the moment. 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) 1.5792; (P) 1.5850; (R1) 1.5898; More…

Intraday bias in EUR/AUD is turned neutral again as recovery from 1.5761 quickly lost momentum. On the upside, break of 1.6168will resume the rise from 1.5354 to 1.6434 resistance. On the downside, though, break of 1.5716 will revive the case that rebound from 1.5354 has completed, and bring retest of this support.

In the bigger picture, medium term outlook is neutral for the moment. 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) 1.5747; (P) 1.5809; (R1) 1.5881; More…

Intraday bias in EUR/AUD is turned back to the upside with break of 1.5851 minor resistance. Stronger rally would be seen back to retest 1.6168. On the downside, though, break of 1.5716 will revive the case that rebound from 1.5354 has completed, and bring retest of this support.

In the bigger picture, medium term outlook is neutral for the moment. 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) 1.5724; (P) 1.5775; (R1) 1.5832; More…

Intraday bias in EUR/AUD is mildly on the downside at this point. Rebound from 1.5354 could have completed three waves up to 1.6168. Deeper fall would be seen back to retest 1.5354 low. On the upside, though, above 1.5851 minor resistance will turn bias back to the upside for 1.6168 instead.

In the bigger picture, medium term outlook is neutral for the moment. 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 sharp decline last week and breach of 1.5743 resistance turned support argues that rebound from 1.5354 has completed with three waves up to 1.6168. Initial bias is mildly on the downside this week for 1.5354 support first. On the upside, though, above 1.5851 minor resistance will turn bias back to the upside for 1.6168 instead.

In the bigger picture, medium term outlook is neutral for the moment. 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) 1.5762; (P) 1.5808; (R1) 1.5846; More…

Intraday bias in EUR/AUD stays neutral first, and as long as 1.5743 resistance turned support holds, further rise is mildly in favor. On the upside, above 1.5980 minor resistance will turn bias to the upside for 1.6168 first. Break will resume rise from 1.5354 to 1.6434 resistance next. However, firm break of 1.5743 will indicate that rebound from 1.5354 is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

Daily Pivots: (S1) 1.5788; (P) 1.5826; (R1) 1.5857; More…

As long as 1.5743 resistance turned support holds, further rise is still in favor in EUR/AUD. Above 1.5980 minor resistance will turn bias to the upside for 1.6168 first. Break will resume rise form 1.5354 to 1.6434 resistance next. However, firm break of 1.5743 will indicate that rebound from 1.5354 is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

Daily Pivots: (S1) 1.5738; (P) 1.5883; (R1) 1.5974; More…

Intraday bias in EUR/AUD stays neutral first despite the sharp fall. Another rise would be mildly in favor as long as 1.5743 resistance turned support holds. Break of 1.6168 will resume the rise from 1.5354 to 1.6434 high. However, firm break of 1.5743 will indicate that such rebound is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.