Daily Pivots: (S1) 1.7716; (P) 1.7759; (R1) 1.7800; More…

Intraday bias in EUR/AUD stays neutral at this point, with focus on 55 D EMA (now at 1.7808). Rejection by the EMA will maintain near term bearishness. Further break of 1.7588 support will extend the corrective pattern from 1.8554 lower gain, and target 1.7245 and possibly below. However, decisive break of the 55 D EMA will bring stronger rally back to 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Deeper fall could be seen as the pattern extends, but downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7660; (P) 1.7714; (R1) 1.7803; More…

Intraday bias in EUR/AUD stays neutral for the moment, and more consolidations could be seen above 1.7588. Further decline is expected as long as 55 D EMA (now at 1.7808) holds. Corrective pattern from 1.8554 is in the third leg. Sustained trading below 61.8% retracement of 1.7245 to 1.8155 at 1.7593 will target 1.7245 support and possibly below. However, decisive break of the 55 D EMA will dampen this view, and bring stronger rally back to 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Deeper fall could be seen as the pattern extends, but downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7596; (P) 1.7639; (R1) 1.7676; More…

Intraday bias in EUR/AUD as consolidations continue above 1.7588. Another recovery cannot be ruled out, but further decline is expected as long as 55 D EMA (now at 1.7808) holds. Corrective pattern from 1.8554 is in the third leg. Sustained trading below 61.8% retracement of 1.7245 to 1.8155 at 1.7593 will target 1.7245 support and possibly below.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Deeper fall could be seen as the pattern extends, but downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7605; (P) 1.7634; (R1) 1.7677; More…

Intraday bias in EUR/AUD stays neutral and and more consolidations could be seen above 1.7588. Another recovery cannot be ruled out, but further decline expected as long as 55 D EMA (now at 1.7813) holds. Corrective pattern from 1.8554 is in the third leg. Sustained trading below 61.8% retracement of 1.7245 to 1.8155 at 1.7593 will target 1.7245 support and possibly below.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Deeper fall could be seen as the pattern extends, but downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

EUR/AUD’s fall from 1.8155 extended lower last week but recovered after hitting 61.8% retracement of 1.7245 to 1.8155 at 1.7593. Initial bias is turned neutral this week for some consolidations first. While stronger recovery cannot be ruled out, further decline is expected as long as 55 D EMA (now at 1.77812) holds. Corrective pattern from 1.8554 is in the third leg. Sustained trading below 1.7593 will target 1.7245 support and possibly below.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Deeper fall could be seen as the pattern extends, but downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

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 1.6464) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7578; (P) 1.7647; (R1) 1.7683; More…

EUR/AUD’s fall from 1.8155 continued and hit 61.8% retracement of 1.7245 to 1.8155 at 1.7593 already. Intraday bias stays on the downside. The decline is seen as the third leg of the corrective pattern from 1.8554. Sustained break of 1.7593 will pave the way to 1.7245 support next. On the upside, above 1.7660 support turned resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7634; (P) 1.7713; (R1) 1.7755; More…

Intraday bias in EUR/AUD stays on the downside at this point. Fall from 1.8155 is seen as the third leg of the corrective pattern from 1.8554. Deeper fall should be seen to 61.8% retracement of 1.7245 to 1.8155 at 1.7593. Break will target 1.7245 support. On the upside, above 1.7796 support turned resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7742; (P) 1.7802; (R1) 1.7844; More…

EUR/AUD’s fall from 1.8155 continues today and intraday bias stays on the downside. Current development suggest that rise from 1.7245 has completed at 1.8511. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement of 1.7245 to 1.8155 at 1.7593. Break will target 1.7245 support. For now, risk will stay on the downside as long as 1.7912 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7792; (P) 1.7840; (R1) 1.7892; More…

EUR/AUD is still struggling to sustain below 38.2% retracement of 1.7245 to 1.8155 at 1.7807 and intraday bias stays neutral first. Firm break of 1.7807 will should confirm that whole rise from 1.7245 has completed at 1.8155. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7932 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7819; (P) 1.7866; (R1) 1.7919; More…

Intraday bias in EUR/AUD stays neutral and further decline is expected with 1.7932 resistance intact. On the downside, sustained trading below 38.2% retracement of 1.7245 to 1.8155 at 1.7807 should confirm that whole rise from 1.7245 has completed at 1.8155. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7932 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

EUR/AUD breached 38.2% retracement of 1.7245 to 1.8155 at 1.7807 briefly last week but quickly recovered. Initial bias remains neutral this week first, and further fall is mildly in favor with 1.7932 minor resistance intact. On the downside, sustained trading below 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7932 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

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 1.6464) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7790; (P) 1.7835; (R1) 1.7865; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the downside, sustained break of 38.2% retracement of 1.7245 to 1.8155 at 1.7807should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7932 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7790; (P) 1.7835; (R1) 1.7865; More…

EUR/AUD had another take on 38.2% retracement of 1.7245 to 1.8155 at 1.7807 but recovered quickly. Intraday bias remains neutral. On the downside, sustained break of 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7932 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7823; (P) 1.7879; (R1) 1.7911; More…

Intraday bias in EUR/AUD stays neutral at this point. On the downside, sustained break of 38.2% retracement of 1.7245 to 1.8155 at 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7979 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7834; (P) 1.7884; (R1) 1.7915; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the downside, sustained break of 38.2% retracement of 1.7245 to 1.8155 at 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7979 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7827; (P) 1.7864; (R1) 1.7904; More…

EUR/AUD recovers today but stays well below 1.7979 minor resistance. Intraday bias remains neutral first. On the downside, sustained break of 38.2% retracement of 1.7245 to 1.8155 at 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7979 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

EUR/AUD’s extended decline last week indicates short term topping at 1.8155. But momentum diminished just ahead of 38.2% retracement of 1.7245 to 1.8155 at 1.7807, as seen in 4H MACD. Initial bias is turned neutral this week first. On the downside, sustained break of 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, break of 1.7979 resistance will retain near term bullishness and bring retest of 1.8155 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

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 1.6419) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7859; (P) 1.7879; (R1) 1.7906; More…

EUR/AUD’s decline from 1.8155 short term top continues today and intraday bias stays on the downside. Decisive break of 38.2% retracement of 1.7245 to 1.8155 at 1.7807 should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, above 1.7897 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7850; (P) 1.7904; (R1) 1.7943; More…

EUR/AUD’s fall from 1.8155 short term top is in progress and intraday bias stays on the downside for 38.2% retracement of 1.7245 to 1.8155 at 1.7807. Sustained break there should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement at 1.7593. On the upside, above 1.7979 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7902; (P) 1.7942; (R1) 1.7967; More…

Intraday bias in EUR/AUD remains on the downside at this point. Fall from 1.8155 short term top should target. r 38.2% retracement of 1.7245 to 1.8155 at 1.7807. That is close to channel support (now at 1.7816), and 55 D EMA (now at 1.7841). Sustained break of this cluster support zone should confirm that whole rise from 1.7245 has completed. Corrective pattern from 1.8554 should then be in its third leg. In this case, bring deeper fall to 61.8% retracement at 1.7593. On the upside, above 1.7979 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Such pattern could extend further with another falling leg. But even in that case, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Uptrend from 1.4281 is expected to resume at a later stage.