Daily Pivots: (S1) 1.7447; (P) 1.7530; (R1) 1.7577; More…

Intraday bias in EUR/AUD stays neutral at this point, and more range trading could be seen. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

EUR/AUD’s recovery from 1.7245 extended higher last week but failed to break through 1.7628 resistance. Initial bias remains neutral this week first. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6240) holds, this second leg could still extend higher. However, firm break of the above mention 1.8744 projection level with strong momentum will argue that it’s indeed resuming the up trend from 1.1602 (2012 low).

Daily Pivots: (S1) 1.7545; (P) 1.7590; (R1) 1.7643; More…

Intraday bias in EUR/AUD stays neutral at this point. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7547; (P) 1.7586; (R1) 1.7639; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7434; (P) 1.7520; (R1) 1.7652; More…

EUR/AUD is still limited range below 1.7628 resistance and intraday bias stays neutral. On the upside, firm break of 1.7628 will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7359; (P) 1.7439; (R1) 1.7488; More…

Intraday bias in EUR/AUD stays neutral for the moment. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7383; (P) 1.7451; (R1) 1.7502; More…

Intraday bias in EUR/AUD remains neutral at this point. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

EUR/AUD fell further to 1.7245 last week but recovered since then. Initial bias stays neutral this week first. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245 will resume the fall to 61.8% retracement of 1.5963 to 1.8554 at 1.6953.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6240) holds, this second leg could still extend higher. However, firm break of the above mention 1.8744 projection level with strong momentum will argue that it’s indeed resuming the up trend from 1.1602 (2012 low).

Daily Pivots: (S1) 1.7367; (P) 1.7431; (R1) 1.7521; More…

Intraday bias in EUR/AUD remains neutral at this point. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target 61.8% retracement of 1.5963 to 1.8554 at 1.6953. On the upside, however, firm break of 1.7628 resistance will argue that fall from 1.8854 might be completed, and turn bias back to the upside for stronger rebound.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from up trend from 1.4281 (2022 low) should still be in progress. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7286; (P) 1.7345; (R1) 1.7441; More…

Intraday bias in EUR/AUD is turned neutral again with current recovery. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target 61.8% retracement of 1.5963 to 1.8554 at 1.6953. On the upside, however, firm break of 1.7628 resistance will argue that fall from 1.8854 might be completed, and turn bias back to the upside for stronger rebound.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from up trend from 1.4281 (2022 low) should still be in progress. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7209; (P) 1.7331; (R1) 1.7409; More…

Intraday bias in EUR/AUD remains on the downside, as fall from 1.8554 is in progress. Next target is 61.8% retracement of 1.5963 to 1.8554 at 1.6953. On the upside, break of 1.7628 resistance is needed to indicate short term bottoming. Otherwise, risk will stay on the downside in case of recovery.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from up trend from 1.4281 (2022 low) should still be in progress. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7303; (P) 1.7409; (R1) 1.7506; More…

EUR/AUD’s fall from 1.8554 resumed by breaking through 1.7380 and intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 1.7431) will target 61.8% retracement of 1.5963 to 1.8554 at 1.6953 next. On the upside, break of 1.7628 resistance is needed to indicate short term bottoming. Otherwise, risk will stay on the downside in case of recovery.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from up trend from 1.4281 (2022 low) should still be in progress. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7510; (P) 1.7547; (R1) 1.7579; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, firm break of 1.7886 resistance will argue that fall from 1.8553 has completed as a correction at 1.7380. Intraday bias will be turned back to the upside for retesting 1.8554. However, sustained trading below 55 D EMA (now at 1.7431) will target 61.8% retracement at 1.6953 next.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

EUR/AUD edged lower to 1.7380 last week but recovered after hitting 55 D EMA (now at 1.7430). Initial bias remains neutral this week first. On the upside, firm break of 1.7886 resistance will argue that fall from 1.8553 has completed as a correction at 1.7380. Intraday bias will be turned back to the upside for retesting 1.8554. However, sustained trading below 55 D EMA will target 61.8% retracement at 1.6953 next.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 will target 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. However, sustained break of 1.7062 will confirm medium term topping and bring deeper fall back to 1.5963 support.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6199) holds, this second leg could still extend higher. However, firm break of the above mention 1.8744 projection level with strong momentum will argue that it’s indeed resuming the up trend from 1.1602 (2012 low).

Daily Pivots: (S1) 1.7490; (P) 1.7560; (R1) 1.7616; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, firm break of 1.7886 resistance will argue that fall from 1.8553 has completed as a correction at 1.7380. Intraday bias will be turned back to the upside for retesting 1.8554. However, sustained trading below 55 D EMA (now at 1.7431) will target 61.8% retracement at 1.6953.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

Daily Pivots: (S1) 1.7442; (P) 1.7533; (R1) 1.7679; More…

Intraday bias in EUR/AUD is turned neutral first with current recovery. On the upside, firm break of 1.7886 resistance will argue that fall from 1.8553 has completed as a correction at 1.7380. Intraday bias will be turned back to the upside for retesting 1.8554. However, sustained trading below 55 D EMA (now at 1.7428) will target 61.8% retracement at 1.6953.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

Daily Pivots: (S1) 1.7455; (P) 1.7515; (R1) 1.7566; More…

EUR/AUD’s fall from 1.8554 resumed after brief recovery and intraday bias is back on the downside. Sustained break of 55 D EMA (now at 1.7420) will target 61.8% retracement at 1.6953. On the upside, though, break of 1.7886 resistance will turn bias back to the upside for retesting 1.8554 high.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

Daily Pivots: (S1) 1.7441; (P) 1.7514; (R1) 1.7565; More…

Intraday bias in EUR/AUD is turned neutral firs with current recovery. Another fall is mildly in favor as long as 1.7886 resistance holds. Sustained break of 55 D EMA (now at 1.7418) will target 61.8% retracement at 1.6953. On the upside, though, break of 1.7886 resistance will turn bias back to the upside for retesting 1.8554 high.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

Daily Pivots: (S1) 1.7467; (P) 1.7588; (R1) 1.7668; More…

Intraday bias in EUR/AUD remains on the downside as fall from 1.8554 is in progress. Sustained break of 55 D EMA (now at 1.7410) will target 61.8% retracement at 1.6953. On the upside, though, break of 1.7886 resistance will turn bias back to the upside for retesting 1.8554 high.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

EUR/AUD’s fall from 1.8554 extended lower last week and picked up some momentum. The close below 38.2% retracement of 1.5963 to 1.8854 at 1.7750 dampened our original view. Initial bias is now on the downside this week for 55 D EMA (now at 1.7410). Sustained break there will target 61.8% retracement at 1.6953. On the upside, though, break of 1.7886 resistance will turn bias back to the upside for retesting 1.8554 high.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6199) holds, this second leg could still extend higher. However, firm break of the above mention 1.8744 projection level with strong momentum will argue that it’s indeed resuming the up trend from 1.1602 (2012 low).