Daily Pivots: (S1) 1.5628; (P) 1.5658; (R1) 1.5694; More…

With 1.5762 minor resistance intact, further fall is expected in 1.5591 support. Firm break there will resume larger down trend and target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, above 1.5762 minor resistance will delay the bearish case, and extend the consolidation from 1.5591 with another rise.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5600; (P) 1.5659; (R1) 1.5700; More…

Intraday bias in EUR/AUD Remains on the downside for retesting 1.5591 support. Firm break there will resume larger down trend and target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, above 1.5762 minor resistance will delay the bearish case, and extend the consolidation from 1.5591 with another rise.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5669; (P) 1.5717; (R1) 1.5741; More…

Intraday bias in EUR/AUD remains on the downside for retesting 1.5591 support. Break there will resume larger down trend and target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, however, break of 1.5945 resistance will resume the rebound from 1.5591 instead.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

EUR/AUD’s decline last week suggest that corrective rebound from 1.5591 has completed at 1.5945, after rejection by falling channel resistance. Initial bias stays on the downside this week for retesting 1.5591 low first. Break there will resume larger down trend and target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, however, break of 1.5945 resistance will resume the rebound from 1.5591 instead.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

In the longer term picture rise from 1.1602 (2012 low) could have already completed with three waves up to 1.9799. The development suggests that long term range trading is extending with another medium term down leg. Sustained trading below 55 month EMA (now at 1.5847) now further affirms this case could bring deeper decline to 1.1602/3624 support zone.

Daily Pivots: (S1) 1.5698; (P) 1.5749; (R1) 1.5791; More…

Intraday bias in EUR/AUD remains mildly on the downside for 1.5591 low. Outlook stays bearish as the cross is bounded well inside near term falling channel. Break of 1.5591 will resume larger down trend to 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, however, break of 1.5945 resistance will resume the rebound from 1.5591 instead.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5759; (P) 1.5798; (R1) 1.5831; More…

EUR/AUD’s break of 1.5760 minor support suggests that corrective recovery from 1.5991 has completed at 1.5945. Rejection by channel resistance keeps near term outlook bearish. Intraday bias is back on the downside for retesting 1.5591. Firm break there will resume larger down trend from 1.9799.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5767; (P) 1.5832; (R1) 1.5892; More…

Outlook in EUR/AUD remains unchanged and intraday bias stays neutral first. On the upside, sustained break of the channel resistance will argue that fall from 1.6827 has completed at 1.5591. Stronger rise should be seen to 1.6144 support turned resistance. On the downside, break of 1.5760 minor support will retain near term bearishness, and bring retest of 1.5591 low.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5760; (P) 1.5848; (R1) 1.5908; More…

Intraday bias in EUR/AUD stays neutral for the moment. On the upside, sustained break of the channel resistance will argue that fall from 1.6827 has completed at 1.5591. Stronger rise should be seen to 1.6144 support turned resistance. On the downside, break of 1.5760 minor support will retain near term bearishness, and bring retest of 1.5591 low.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5806; (P) 1.5850; (R1) 1.5923; More…

Intraday bias in EUR/AUD remains neutral first. On the upside, sustained break of the channel resistance will argue that fall from 1.6827 has completed at 1.5591. Stronger rise should be seen to 1.6144 support turned resistance. On the downside, break of 1.5760 minor support will retain near term bearishness, and bring retest of 1.5591 low.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

EUR/AUD’s rebound from 1.5591 extended higher last week, but failed to break through near term falling channel and retreated. Initial bias stays neutral this week first. On the upside, sustained break of the channel resistance will argue that fall from 1.6827 has completed at 1.5591. Stronger rise should be seen to 1.6144 support turned resistance. On the downside, break of 1.5760 minor support will retain near term bearishness, and bring retest of 1.5591 low.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

In the longer term picture rise from 1.1602 (2012 low) could have already completed with three waves up to 1.9799. The development suggests that long term range trading is extending with another medium term down leg. Sustained trading below 55 month EMA (now at 1.5847) now further affirms this case could bring deeper decline to 1.1602/3624 support zone.

Daily Pivots: (S1) 1.5717; (P) 1.5833; (R1) 1.5903; More…

EUR/AUD retreated sharply after hitting channel resistance and intraday bias is turned neutral. Rejection by the channel resistance will retain near term bearishness. Break of 1.5591 will resume larger down trend from 1.9799. Though, sustained break of the channel resistance will argue that whole fall from 1.6827 has completed. Stronger rebound would then be seen to 1.6144 support turned resistance next.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5712; (P) 1.5769; (R1) 1.5863; More…

EUR/AUD’s rebound from 1.5591 extends higher today and focus is now on channel resistance (now at 1.5929). Sustained break there will argue that whole fall from 1.6827 has completed. Stronger rebound would then be seen to 1.6144 support turned resistance next. Though, rejection by the channel resistance will retain near term bearishness, for another fall through 1.5591 in a later stage.

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5660; (P) 1.5728; (R1) 1.5764; More…

Intraday bias in EUR/AUD remains neutral and outlook stays bearish with 1.5830 resistance intact. On the downside, break of 1.5591 will resume larger down trend for 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. However, break of 1.5830 will bring stronger rebound to falling channel resistance (now at 1.5942).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5704; (P) 1.5747; (R1) 1.5785; More…

EUR/AUD stays in consolidation from 1.5591 and intraday bias remains neutral for the moment. As long as 1.5830 resistance holds, outlook stays bearish and further fall is expected. Break of 1.5591 will resume larger down trend for 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. However, break of 1.5830 will bring stronger rebound to falling channel resistance (now at 1.5942).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5688; (P) 1.5747; (R1) 1.5834; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.5591 is still extending. As long as 1.5830 resistance holds, outlook stays bearish and further fall is expected. Break of 1.5591 will resume larger down trend for 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. However, break of 1.5830 will bring stronger rebound to falling channel resistance (now at 1.5965).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

EUR/AUD stayed in consolidation from 1.5591 last week and outlook is unchanged. Initial bias remains neutral this week first. As long as 1.5830 resistance holds, outlook stays bearish and further fall is expected. Break of 1.5591 will resume larger down trend for 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. However, break of 1.5830 will bring stronger rebound to falling channel resistance (now at 1.5970).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

In the longer term picture rise from 1.1602 (2012 low) could have already completed with three waves up to 1.9799. The development suggests that long term range trading is extending with another medium term down leg. Sustained trading below 55 month EMA (now at 1.5847) now further affirms this case could bring deeper decline to 1.1602/3624 support zone.

Daily Pivots: (S1) 1.5618; (P) 1.5652; (R1) 1.5705; More…

EUR/AUD recovered just ahead of 1.5591 support and intraday bias stays neutral for more consolidations. Upside of recovery should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. Though, break of 1.5830 will indicate short term bottoming and turn bias back to the upside for stronger rebound, towards channel resistance (now at 1.5957).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5565; (P) 1.5666; (R1) 1.5729; More…

Intraday bias in EUR/AUD remains neutral at this point, and outlook is unchanged. Consolidation from 1.5591 might extend, but upside of recovery should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. Though, break of 1.5830 will indicate short term bottoming and turn bias back to the upside for stronger rebound, towards channel resistance (now at 1.5979).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5695; (P) 1.5732; (R1) 1.5793; More…

Consolidation from 1.5591 is extending and intraday bias in EUR/AUD stays neutral first. Upside of recovery should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. Though, break of 1.5830 will indicate short term bottoming and turn bias back to the upside for stronger rebound, towards channel resistance (now at 1.5986).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5678; (P) 1.5715; (R1) 1.5762; More…

Intraday bias in EUR/AUD stays neutral first and some more consolidations could be seen. But upside of recovery should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. Though, break of 1.5830 will indicate short term bottoming and turn bias back to the upside for stronger rebound, towards channel resistance (now at 1.5991).

In the bigger picture, current development suggests that price actions from 1.9799 is developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.