Daily Pivots: (S1) 1.6252; (P) 1.6341; (R1) 1.6435; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6033 is extending. Further decline is in favor as long as 1.6772 resistance holds. On the downside, break of 1.6033 will resume whole decline from 1.9799 and target next support level at 1.5346. On the upside, though, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6279; (P) 1.6426; (R1) 1.6506; More…

EUR/AUD is still bounded in consolidation from 1.6033 and intraday bias remains neutral. Further decline is in favor as long as 1.6772 resistance holds. On the downside, break of 1.6033 will resume whole decline from 1.9799 and target next support level at 1.5346. On the upside, though, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6316; (P) 1.6451; (R1) 1.6521; More…

Intraday bias remains neural for consolidation above 1.6033 temporary low first. Further decline is in favor as long as 1.6772 resistance holds. On the downside, break of 1.6033 will resume whole decline from 1.9799 and target next support level at 1.5346. On the upside, though, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

EUR/AUD’s recovery from 1.6033 extended higher last week but upside was limited well below 1.6772 resistance so far. Initial bias remains neutral this week and further decline is in favor. On the downside, break of 1.6033 will resume whole decline from 1.9799 and target next support level at 1.5346. On the upside, though, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

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 1.5737) will further affirm this case and target 1.1602/3624 support zone.

Daily Pivots: (S1) 1.6302; (P) 1.6431; (R1) 1.6616; More…

EUR/AUD recovers further today but stays below 1.6772 resistance. Intraday bias remains neutral first. Larger fall from 1.9799 could still extend lower. On the downside, break of 1.6033 will target next support level at 1.5346. However, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6160; (P) 1.6255; (R1) 1.6349; More…

EUR/AUD’s consolidation from 1.6033 extends with another rebounds but it’s staying below 1.6772 resistance. Intraday bias remains neutral first and another fall remains in favor. On the downside, break of 1.6033 will extend the fall from 1.9799 to next support level at 1.5346. However, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6124; (P) 1.6226; (R1) 1.6383; More…

Intraday bias in EUR/AUD remains neutral and consolidation from 1.6033 is still extending. Outlook stays bearish with 1.6772 resistance intact, and further fall is expected. On the downside, break of 1.6033 will extend the fall from 1.9799 to next support level at 1.5346. However, break of 1.6772 will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6032; (P) 1.6130; (R1) 1.6184; More…

EUR/AUD is staying in range above 1.6033 and intraday bias remains neutral first. Outlook stays bearish with 1.6772 resistance intact, and further fall is expected. On the downside, break of 1.6033 will extend the fall from 1.9799 to next support level at 1.5346.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6130; (P) 1.6243; (R1) 1.6319; More…

Intraday bias in EUR/UAD remains neutral first. Outlook stays bearish with 1.6772 resistance intact, and further fall is expected. On the downside, break of 1.6033 will extend the fall from 1.9799 to next support level at 1.5346.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

EUR/AUD dropped to as low as 1.6033 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. Outlook will remain bearish as long as 1.6772 resistance holds. On the downside, break of 1.6033 will extend the fall from 1.9799 to next support level at 1.5346.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

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 1.5713) will further affirm this case and target 1.1602/3624 support zone.

Daily Pivots: (S1) 1.6233; (P) 1.6299; (R1) 1.6391; More…

Intraday bias in EUR/AUD remains neutral for consolidation above 1.6033 temporary low. Further decline is expected as long as 1.6772 resistance holds. Firm break of 1.6085 support will pave the way to next support level at 1.5346. Nevertheless, break of 1.6772 resistance will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6068; (P) 1.6193; (R1) 1.6351; More…

A temporary low is formed at 1.6033 after breaching 1.6085 support. Intraday bias in EUR/AUD is turned neutral first. Further decline is expected as long as 1.6772 resistance holds. Firm break of 1.6085 support will pave the way to next support level at 1.5346. Nevertheless, break of 1.6772 resistance will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6115; (P) 1.6266; (R1) 1.6342; More…

EUR/AUD drew some support from 1.6085 and recovers today. But there is clear sign of bottoming yet. Further fall is expected and firm break of 1.6085 will target next support level at 1.5346. Nevertheless, break of 1.6772 resistance will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6258; (P) 1.6483; (R1) 1.6602; More…

EUR/AUD’s decline from 1.9799 resumes by taking out 1.6453. Intraday bias is back on the downside. Current development argues that medium term trend could have reversed. Next down side target is 1.6085 support first. On the upside, break of 1.6772 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, the firm break of 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553) suggests that whole up trend from 1.1602 (2012 low) might have completed. Deeper fall would now be seen to 61.8% retracement at 1.4733. This week remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6604; (P) 1.6688; (R1) 1.6742; More…

Intraday bias in in EUR/AUD remains neutral for the moment as range trading continues. On the downside, sustained trading below 1.6597 will carry larger bearish implication and target 1.6085 support next. On the upside, firm break of 1.6892 resistance should confirm short term bottoming, and more importantly, successful defending of 1.6597 key support. Intraday bias will be turned back to the upside for retesting 1.7194 resistance first.

In the bigger picture, focus stays on 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553). Strong rebound from current level will retain medium term bullishness. Larger up trend from 1.1602 (2012 low) would extend through 1.9799 high. However, sustained break of 1.6597 will suggest bearish reversal and target 61.8% retracement at 1.4733.

EUR/AUD edged lower to 1.6453 last week as fall from 1.9799 extended. But so far, it couldn’t sustain below 1.6597 key support level and recovered. Initial bias remains neutral this week first. On the upside, firm break of 1.6892 resistance should confirm short term bottoming, and more importantly, successful defending of 1.6597 key support. Intraday bias will be turned back to the upside for retesting 1.7194 resistance first. On the downside, sustained trading below 1.6597 will carry larger bearish implication and target 1.6085 support next.

In the bigger picture, focus stays on 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6553). Strong rebound from current level will retain medium term bullishness. Larger up trend from 1.1602 (2012 low) would extend through 1.9799 high. However, sustained break of 1.6597 will suggest bearish reversal and target 61.8% retracement at 1.4733.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress, with 2.1127 (2008 high) as next target. However, sustained break of 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668, will argue that such rally is completed. Outlook will then be turned bearish for 61.8% retracement at 1.4733.

Daily Pivots: (S1) 1.6616; (P) 1.6662; (R1) 1.6736; More…

Intraday bias in EUR/AUD remains neutral with focus on 1.6763 resistance. Firm break there will suggests short term bottoming, and more importantly, successful defending of 1.6597 key support. Intraday bias will be turned back to the upside for retesting 1.7194 resistance first. On the downside, sustained trading below 1.6597 will carry larger bearish implication and target 1.6085 support next.

In the bigger picture, focus stays on 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6548). Strong rebound from current level will retain medium term bullishness. Larger up trend from 1.1602 (2012 low) would extend through 1.9799 high. However, sustained break of 1.6597 will suggest bearish reversal and target 61.8% retracement at 1.4733.

Daily Pivots: (S1) 1.6476; (P) 1.6596; (R1) 1.6738; More…

Intraday bias in EUR/AUD remains neutral for consolidation above 1.6453 temporary low. On the upside, firm break of 1.6763 resistance will suggests short term bottoming, and more importantly, successful defending of 1.6597 key support. Intraday bias will be turned back to the upside for retesting 1.7194 resistance first. On the downside, sustained trading below 1.6597 will carry larger bearish implication and target 1.6085 support next.

In the bigger picture, focus stays on 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6548). Strong rebound from current level will retain medium term bullishness. Larger up trend from 1.1602 (2012 low) would extend through 1.9799 high. However, sustained break of 1.6597 will suggest bearish reversal and target 61.8% retracement at 1.4733.

Daily Pivots: (S1) 1.6427; (P) 1.6547; (R1) 1.6625; More…

Intraday bias in EUR/AUD is turned neutral with today’s strong recovery. A temporary low is formed at 1.6453 as it fails to sustain below 1.6597 key support zone so far. On the upside, firm break of 1.6763 resistance will suggests short term bottoming, and more importantly, successful defending of 1.6597. Intraday bias will be turned back to the upside for retesting 1.7194 resistance first. On the downside, sustained trading below 1.6597 key support will carry larger bearish implication and target 1.6085 support next.

In the bigger picture, focus stays on 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6548). Strong rebound from current level will retain medium term bullishness. Larger up trend from 1.1602 (2012 low) would extend through 1.9799 high. However, sustained break of 1.6597 will suggest bearish reversal and target 61.8% retracement at 1.4733.

Daily Pivots: (S1) 1.6427; (P) 1.6547; (R1) 1.6625; More…

Intraday bias in EUR/AUD stays on the downside as fall from 1.9799 is in progress. Sustained trading below 1.6597 key support will carry larger bearish implication. Further fall would be seen to 1.6085 support next. On the upside, break of 1.6763 resistance is needed to indicate short term bottoming. Otherwise, near term outlook will remain cautiously bearish in case of recovery.

In the bigger picture, focus stays on 1.6597 key cluster support, (2015 high and 38.2% retracement of 1.1602 to 1.9799 at 1.6668, 55 week EMA (now at 1.6548). Strong rebound from current level will retain medium term bullishness. Larger up trend from 1.1602 (2012 low) would extend through 1.9799 high. However, sustained break of 1.6597 will suggest bearish reversal and target 61.8% retracement at 1.4733.