Mon, Oct 25, 2021 @ 14:03 GMT

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5526; (P) 1.5563; (R1) 1.5629; More

Intraday bias in EUR/AUD remains neutral for consolidation above 1.5456 temporary low. . On the downside, break of 1.5456 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. Nevertheless, break of 1.5716 will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5880).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Weekly Outlook

EUR/AUD dropped further to as low as 1.5456 last week, but formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations first. On the downside, break of 1.5456 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. Nevertheless, break of 1.5716 will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5893).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. In either case, break of 1.5250 will target 61.8 retracement of 1.1602 to 1.9799 at 1.4733. Break there will target 1.3624 long term support.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5489; (P) 1.5539; (R1) 1.5618; More

A temporary low is in place at 1.5456 in EUR/AUD with current recovery. Intraday bias is turned neutral for consolidations. On the downside, break of 1.5456 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. Nevertheless, break of 1.5716 will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5904).

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5468; (P) 1.5524; (R1) 1.5558; More

EUR/AUD’s fall is still in progress and intraday bias remains on the downside. Current decline from 1.6434 is in progress for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. On the upside, above 1.5716 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5514; (P) 1.5594; (R1) 1.5642; More

Intraday bias in EUR/AUD remains on the downside at this point. Current decline from 1.6434 is in progress for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. On the upside, above 1.5716 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5606; (P) 1.5662; (R1) 1.5721; More

Intraday bias in EUR/AUD stays mildly on the downside despite loss of downside momentum. Current fall from 1.6434 should target 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. On the upside, above 1.5753 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5608; (P) 1.5634; (R1) 1.5659; More

Intraday bias in EUR/AUD remains mildly on the downside at this point. Current fall from 1.6434 should target 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. On the upside, above 1.5753 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Weekly Outlook

EUR/AUD’s fall from 1.6434 continued last week and hit as low as 1.5609. Initial bias stays on the downside this week for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. On the upside, above 1.5753 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5593; (P) 1.5657; (R1) 1.5702; More

EUR/AUD’s decline resumed after brief consolidation and intraday bias is back on the downside. Current fall from 1.6434 should target 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. On the upside, above 1.5753 minor resistance will turn intraday bias neutral again. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5678; (P) 1.5717; (R1) 1.5751; More

EUR/AUD is staying in consolidation from 1.5643 temporary low and intraday bias remains neutral. Upside of recovery should be limited below 1.5907 support turned resistance to bring another decline. On the downside, break of 1.5643 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5634; (P) 1.5695; (R1) 1.5745; More

Intraday bias in EUR/AUD is turned neutral with current recovery, and some consolidations could be seen. But upside should be limited below 1.5907 support turned resistance to bring another decline. On the downside, break of 1.5643 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.5663; (P) 1.5761; (R1) 1.5823; More

EUR/AUD’s decline continues today and hit as low as 1.5643 so far. The break of 100% projection of 1.6434 to 1.5907 from 1.6232 at 1.5705 and near term falling channel support indicates downside acceleration. Intraday bias stays on the downside for 161.8% projection at 1.5379 next. On the upside, above 1.5754 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited below 1.5907 support turned resistance to bring another decline.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5663; (P) 1.5761; (R1) 1.5823; More

Intraday bias EUR/AUD remains on the downside as fall 1.6434 is still in progress. Firm break of 100% projection of 1.6434 to 1.5907 from 1.6232 at 1.5705 will pave the way to 161.8% projection at 1.5379. On the upside, above 1.5856 minor resistance will turn bias neutral and bring consolidations. But near term outlook will now remain mildly bearish as long as 1.6232 resistance holds, in case of recovery.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5794; (P) 1.5823; (R1) 1.5864; More

Intraday bias in EUR/AUD remains on the downside with 1.5886 minor resistance intact. Current fall from 1.6434 should target 100% projection of 1.6434 to 1.5907 from 1.6232 at 1.5705 first. Break there will pave the way to 161.8% projection at 1.5379. On the upside, above 1.5886 minor resistance will turn bias neutral and bring consolidations. But near term outlook will now remain mildly bearish as long as 1.6232 resistance holds, in case of recovery.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Weekly Outlook

EUR/AUD dropped to as low as 1.5778 last week and the break of 1.5898 structural support argues that larger rise from 1.5250 has completed. Initial bias stays on the downside this week. Next target is 100% projection of 1.6434 to 1.5907 from 1.6232 at 1.5705 first. Break there will pave the way to 161.8% projection at 1.5379. On the upside, above 1.5886 minor resistance will turn bias neutral and bring consolidations. But near term outlook will now remain mildly bearish as long as 1.6232 resistance holds, in case of recovery.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5760; (P) 1.5827; (R1) 1.5868; More

Intraday bias in EUR/AUD remains on the downside at this point. As noted before, choppy rise from 1.5250 should have completed at 1.6434. Fall from there should target 100% projection of 1.6434 to 1.5907 from 1.6232 at 1.5705 first. Break there will pave the way to 161.8% projection at 1.5379. On the upside, above 1.5886 minor resistance will turn bias neutral and bring consolidations. But near term outlook will now remain mildly bearish as long as 1.6232 resistance holds, in case of recovery.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5850; (P) 1.5922; (R1) 1.5962; More

EUR/AUD’s fall from 1.6434 resumed and hit as low as 1.5853 so far. The break of 1.5898 structural support argues that larger rise from 1.5250 has completed at 1.6434 already. Intraday bias is now on the downside for 100% projection of 1.6434 to 1.5907 from 1.6232 at 1.5705 next. On the upside, above 1.6000 minor resistance will turn intraday bias neutral first. But near term outlook will now remain mildly bearish as long as 1.6232 resistance holds, in case of recovery.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5869; (P) 1.5931; (R1) 1.5971; More

EUR/AUD recovers after touching 1.5898 support and intraday bias remains neutral first. As long as 1.5898 holds, larger rise from 1.5250 is still in favor to continue. Break of 1.6232 will turn bias to the upside for retesting 1.6434 high first. However, sustained break of 1.5898 will argue that rise from 1.5250 has completed, and turn near term outlook bearish for 1.5614 support first.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5912; (P) 1.5961; (R1) 1.5990; More

Intraday bias in EUR/AUD stays neutral and outlook is unchanged. As long as 1.5898 holds, larger rise from 1.5250 is still in favor to continue. Break of 1.6232 will turn bias to the upside for retesting 1.6434 high first. However, sustained break of 1.5898 will argue that rise from 1.5250 has completed, and turn near term outlook bearish for 1.5614 support first.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5902; (P) 1.6003; (R1) 1.6065; More

Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.5898 holds, larger rise from 1.5250 is still in favor to continue. Break of 1.6232 will turn bias to the upside for retesting 1.6434 high first. However, sustained break of 1.5898 will argue that rise from 1.5250 has completed, and turn near term outlook bearish for 1.5614 support first.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.