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Action Insight: EUR/AUD Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 27 17 05:19 GMT
Intraday bias in EUR/AUD remains neutral for the moment. At this point, we'd still expect strong support from 1.3671 to contain downside to complete the correction from 1.6587. This is supported by bullish convergence condition in 4 hour MACD. Break of 1.3900 resistance will confirm short term bottoming and turn bias back to the upside for 1.4289 resistance. However, sustained break of 1.3671 will invalidate our view.
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EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 25 17 08:16 GMT
EUR/AUD dipped to 1.3624 last week and breached 1.3671 key support level. But the cross quickly recovered. Initial bias stays neutral this week first. At this point, we'd still expect strong support from 1.3671 to contain downside to complete the correction from 1.6587. This is supported by bullish convergence condition in 4 hour MACD. Break of 1.3900 resistance will confirm short term bottoming and turn bias back to the upside for 1.4289 resistance. However, sustained break of 1.3671 will invalidate our view.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 23 17 08:02 GMT
EUR/AUD breached 1.3671 key support level but recovered quickly. Intraday bias is turned neutral first. We'd still viewing fall from 1.6587 as a corrective move. And strong support is expected from 1.3671 to contain downside and break rebound. Break of 1.3900 resistance will indicate near term reversal and turn bias back to the upside for 1.4025 resistance and above. However, sustained break of 1.3671 will invalidate our view.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 22 17 05:38 GMT
EUR/AUD's decline resumed by taking out 1.3722 and intraday bias is back on the downside. Bullish convergence condition is seen in 4 hour MACD. Also, price actions from 1.6587 are seen as a corrective move. Hence, we'd expect strong support from 1.3671 key level to contain downside and bring rebound. Break of 1.3900 resistance will indicate near term reversal and turn bias back to the upside for 1.4025 resistance and above.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 21 17 05:51 GMT
EUR/AUD is staying in range above 1.3722 and intraday bias remains neutral for the moment. We're holding on to the view that price actions from 1.6587 are corrective in nature. Thus, we'd expect strong support from 1.3671 key level to contain downside and bring rebound. Decisive break of 1.4025 support turned resistance will indicate near term reversal. In this case, intraday bias will be turned back to the upside for 1.4289 resistance first.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 20 17 06:15 GMT
Intraday bias in EUR/AUD remains neutral for the moment. We're holding on to the view that price actions from 1.6587 are corrective in nature. Thus, we'd expect strong support from 1.3671 key level to contain downside and bring rebound. Decisive break of 1.4025 support turned resistance will indicate near term reversal. In this case, intraday bias will be turned back to the upside for 1.4289 resistance first.
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EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 18 17 08:20 GMT
EUR/AUD dropped to as low as 1.3722 last week before forming a temporary low and recovered. Initial bias is neutral this week first. We're holding on to the view that price actions from 1.6587 are corrective in nature. Thus, we'd expect strong support from 1.3671 key level to contain downside and bring rebound. Decisive break of 1.4025 support turned resistance will indicate near term reversal. In this case, intraday bias will be turned back to the upside for 1.4289 resistance first.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 17 17 08:09 GMT
A temporary low is in place at 1.3722 in EUR/AUD and intraday bias is turned neutral first. Whole pattern from 1.6587 high is seen as corrective. Hence we'd expect strong support from 1.3671 key level to bring reversal. Break of 1.4025 support turned resistance should indicate bottoming. In that case, intraday bias would be turned back to the upside for 1.4289 resistance next.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 16 17 05:35 GMT
EUR/AUD's fall is still in progress and intraday bias remains on the downside for 1.3671 key support level. At this point, we'd expect strong support around 1.3671 to bring rebound. On the upside, above 1.3888 minor resistance will turn bias neutral first. Firm break of 1.4025 support turned resistance will indicate short term bottoming and turn focus back to 1.4289 resistance.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 15 17 07:26 GMT
Intraday bias in EUR/AUD remains on the downside as fall from 1.4721 continues. It's seen as part of the larger down trend from 1.6587 and should target 1.3671 key support level next. At this point, we'd still expect strong support around 1.3671 to bring rebound. On the upside, above 1.3888 minor resistance will turn bias neutral first. Firm break of 1.4025 support turned resistance will indicate short term bottoming and turn focus back to 1.4289 resistance.
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