Daily Pivots: (S1) 1.5929; (P) 1.5954; (R1) 1.5985; More…

Focus stays on 1.5898 structural support in EUR/AUD. Sustained break there will indicate that corrective rise from 1.5250 has already completed. Near term outlook will be turned bearish for 5614 support first. Break there will pave the way for retesting 1.5250 low. On the upside, break of 1.6116 resistance will revive near term bullishness and bring retest of 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.

Daily Pivots: (S1) 1.5891; (P) 1.5977; (R1) 1.6030; More…

Intraday bias in EUR/AUD remains on the downside for 1.5898 support first. Sustained break there will indicate that corrective rise from 1.5250 has already completed. Near term outlook will be turned bearish for retesting 1.5250 low. On the upside, break of 1.6116 resistance will revive near term bullishness and bring retest of 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.

EUR/AUD’s decline from 1.6434 short term top extended lower last week. Initial bias stays on the downside this week with focus on 1.5898 support. Sustained break there will indicate that corrective rise from 1.5250 has already completed. Near term outlook will be turned bearish for retesting 1.5250 low. On the upside, break of 1.6116 resistance will revive near term bullishness and bring retest of 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

Daily Pivots: (S1) 1.6003; (P) 1.6048; (R1) 1.6088; More…

Intraday bias in EUR/AUD remains on the downside as fall from 1.6434 is in progress for 1.5898 support. Sustained break there will argue that choppy rise from 1.5250 has completed already. Outlook will be turned bearish for retesting 1.5250 low. On the upside, however, above 1.6171 resistance will revive near term bullishness, and turn bias back to the upside for retesting 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6033; (P) 1.6093; (R1) 1.6130; More…

EUR/AUD’s fall from 1.6434 is still in progress and intraday bias stays on the downside for 1.5898 support. Sustained break there will argue that choppy rise from 1.5250 has completed already. Outlook will be turned bearish for retesting 1.5250 low. On the upside, however, above 1.6263 minor resistance will revive near term bullishness, and turn bias back to the upside for retesting 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6107; (P) 1.6151; (R1) 1.6189; More…

Intraday bias in EUR/AUD remains on the downside as fall from 1.6434 short term top is in progress. Deeper fall would be seen to 1.5898 structural support next. Sustained break there will argue that choppy rise from 1.5250 has completed already. Outlook will be turned bearish for retesting 1.5250 low. On the upside, however, above 1.6263 minor resistance will revive near term bullishness, and turn bias back to the upside for 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6134; (P) 1.6163; (R1) 1.6198; More…

EUR/AUD’s fall from 1.6434 short term top is resuming after brief recovery. Intraday bias remains mildly on the downside for 1.5898 structural support first. Sustained break there will argue that choppy rise from 1.5250 has completed already. Outlook will be turned bearish for retesting 1.5250 low. On the upside, however, above 1.6263 minor resistance will retain near term bullishness, and turn bias back to the upside for 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6084; (P) 1.6175; (R1) 1.6226; More…

Intraday bias in EUR/AUD remains mildly on the downside at this point. Fall from 1.6434 short term top should target 1.5898 structural support first. Sustained break there will argue that choppy rise from 1.5250 has completed already. Outlook will be turned bearish for retesting 1.5250 low. On the upside, however, above 1.6263 minor resistance will retain near term bullishness, and turn bias back to the upside for 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

EUR/AUD’s break of 1.6182 support turned resistance last week indicates short term topping at 1.6434 already. Initial bias is back on the downside for 1.5898 structural support first. Sustained break there will argue that choppy rise from 1.5250 has completed already. Outlook will be turned bearish for retesting 1.5250 low. On the upside, though, above 1.6263 minor resistance will retain near term bullishness, and turn bias back to the upside for 1.6434 high instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

Daily Pivots: (S1) 1.6192; (P) 1.6218; (R1) 1.6264; More…

Intraday bias in EUR/AUD remains neutral and focus stays on 1.6182 resistance turned support. Decisive break of 1.6182 will bring deeper fall back to 1.5898 structure support. Rebound from current level will retain near term bullishness. Break of 1.6434 will resume larger rise from 1.5250 to 1.6827 resistance next.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6158; (P) 1.6189; (R1) 1.6212; More…

Intraday bias in EUR/AUD stays neutral with focus on 1.6182 resistance turned support. Decisive break of 1.6182 will bring deeper fall back to 1.5898 structure support. Rebound from current level will retain near term bullishness. Break of 1.6434 will resume larger rise from 1.5250 to 1.6827 resistance next.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6148; (P) 1.6225; (R1) 1.6276; More…

Intraday bias in EUR/AUD remains neutral at this point. Another rise will remain in favor as long as 1.6182 resistance turned support holds. On the upside, break of 1.6434 will resume larger rise from 1.5250 to 1.6827 resistance next. On the downside, though, break of 1.6182 will bring deeper pull back towards 1.5898 structural support instead.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6229; (P) 1.6327; (R1) 1.6381; More…

EUR/AUD’s pull back from 1.6434 extends lower today, but stays above 1.6182 resistance turned support. Intraday bias remains neutral and another rise is still in favor. On the upside, break of 1.6434 will resume larger rise from 1.5250 to 1.6827 resistance next. On the downside, though, break of 1.6182 will bring deeper pull back towards 1.5898 structural support.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6329; (P) 1.6383; (R1) 1.6439; More…

Intraday bias in EUR/AUD is turned neutral with current retreat. Some consolidations could be seen but downside should be contained by 1.6182 resistance turned support to bring rebound. On the upside, break of 1.6434 will resume larger rise from 1.5250 to 1.6827 resistance next. On the downside, though, break of 1.6182 will bring deeper pull back to 1.5898 structural support.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

EUR/AUD’s strong break of 1.6182 resistance last week confirmed resumption of whole rise from 1.5250. Initial bias stays on the upside this week for 1.6827 resistance next. On the downside, below 1.6284 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish as long as 1.5898 support holds, in case of retreat.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

Daily Pivots: (S1) 1.6213; (P) 1.6284; (R1) 1.6406; More…

EUR/AUD rises to as high as 1.6434 so far today as rebound from 1.5250 is staying in an acceleration phase. Intraday bias stays on the upside for 1.6827 resistance next. On the downside, below 1.6284 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish as long as 1.5898 support holds, in case of retreat.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6138; (P) 1.6165; (R1) 1.6210; More…

EUR/AUD’s rally accelerates to as high as 1.6254 so far today. The strong break of 1.6182 resistance confirms resumption of the choppy rise from 1.5250. Intraday bias stays on the upside for 1.6827 resistance next. On the downside, below 1.6150 minor support will turn intraday bias neutral and bring retreat first. but outlook will stay bullish as long as 1.5898 support holds, in case of retreat.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6069; (P) 1.6118; (R1) 1.6192; More…

Intraday bias in EUR/AUD stays on the upside with focus on 1.6182 resistance. Decisive break there will resume the choppy rise from 1.5250 towards 1.6827 resistance next. On the downside, below 1.6037 minor support will turn intraday bias remains neutral first. Further sustained break of 55 day EMA will argue that choppy corrective rebound from 1.5250 has completed. Deeper fall would be seen to 1.5614 structural support for confirmation.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5614 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.6007; (P) 1.6046; (R1) 1.6093; More…

Intraday bias in EUR/AUD remains mildly on the upside for retesting 1.6182 high. Firm break there will resume the choppy rise from 1.5250 towards 1.6827 resistance next. On the downside, below 1.6037 minor support will turn intraday bias remains neutral first. Further sustained break of 55 day EMA will argue that choppy corrective rebound from 1.5250 has completed. Deeper fall would be seen to 1.5614 structural support for confirmation.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5614 support will indicate that the rebound has completed and bring retest of 1.5250 low.

Daily Pivots: (S1) 1.5975; (P) 1.5995; (R1) 1.6026; More…

EUR/AUD’s strong rebound and break of 1.6035 resistance suggests that pull back from 1.6182 has completed at 1.5898 already, ahead of 55 day EMA (now at 1.5891). Intraday bias is back on the upside for 1.6182 resistance first. Break there will resume the choppy rise from 1.5250 towards 1.6827 resistance next. On the downside, sustained break of 55 day EMA will argue that choppy corrective rebound from 1.5250 has completed. Deeper fall would be seen to 1.5614 structural support for confirmation.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5614 support will indicate that the rebound has completed and bring retest of 1.5250 low.