Mon, Nov 18, 2019 @ 01:43 GMT

EUR/AUD Weekly Outlook

EUR/AUD’s strong rebound last week suggest that fall from 1.6432 has completed at 1.5976. Initial bias is mildly on the upside this week for 1.6432 first. however, break of 1.6089 minor support will turn bias back to the downside for 1.5894/5905. Decisive break there will carry larger bearish implications.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6063) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5894 remains intact. However, firm break of 1.5894 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6136; (P) 1.6199; (R1) 1.6304; More

Intraday bias in EUR/AUD remains on the upside for the moment. Rise from 1.5976 should target 1.6432 resistance. Break will pave the way to 1.6786 high. On the downside, below 1.6089 minor support will turn bias to the downside for key support zone of 1.5894/5905.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6057; (P) 1.6101; (R1) 1.6142; More

EUR/AUD’s break of 1.6181 minor resistance suggests short term bottoming at 1.5976, ahead of 1.5905 support. Intraday bias is turned back to the upside for 1.6432 resistance first. On the downside, break of 1.5976 will resume the fall from 1.6432 to key support zone of 1.5894/5905.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6070; (P) 1.6104; (R1) 1.6126; More

EUR/AUD is staying in consolidation from 1.5976 and intraday bias remains neutral first. Further decline is expected as long as 1.6181 resistance holds. On the downside, below 1.5976 will target 1.5894/5905. Decisive break there will carry larger bearish implications. On the upside, though, break of 1.6181 will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0946; (P) 1.0972; (R1) 1.0985; More

Break of 1.0974 support suggests that corrective rebound form 1.0811 has completed at 1.1059 already. Intraday bias is back on the downside. Further fall should be seen to retest 1.0811 low. On the upside, break of 1.1012 minor resistance will delay the bearish case and turn intraday bias neutral first. But in case of another rise, we’d still expect strong resistance from 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to limit upside.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6074; (P) 1.6096; (R1) 1.6129; More

Intraday bias in EUR/AUD remains neutral for some consolidations above 1.5976 temporary low. Further decline is expected as long as 1.6181 resistance holds. On the downside, below 1.5976 will target 1.5894/5905. Decisive break there will carry larger bearish implications. On the upside, though, break of 1.6181 will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6010; (P) 1.6053; (R1) 1.6109; More

Intraday bias in EUR/AUD remains neutral for the moment. Further fall is expected as long as 1.6181 resistance holds. On the downside, below 1.5976 will target 1.5894/5905. Decisive break there will carry larger bearish implications. On the upside, though, break of 1.6181 will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Weekly Outlook

EUR/AUD’s decline from 1.6432 extended to as low as 1.5976 last week but formed a temporary low ahead of 1.5894/5905 key support zone. Initial bias is neutral this week first. Further fall is expected as long as 1.6181 resistance holds. On the downside, below 1.5976 will target 1.5894/5905. Decisive break there will carry larger bearish implications. On the upside, though, break of 1.6181 will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5894 remains intact. However, firm break of 1.5894 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5956; (P) 1.6037; (R1) 1.6097; More

EUR/AUD is losing some downside momentum as seen in 4 hour MACD. But intraday bias stays on the downside for retesting 1.5894/5905 key support. On the upside, though, break of 1.6181 minor resistance will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6044; (P) 1.6076; (R1) 1.6107; More

With 1.6208 minor resistance intact, further fall is expected to retest 1.5905 low. Decisive break there will resume larger down trend. On the upside, though, break of 1.6208 minor resistance will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6012; (P) 1.6097; (R1) 1.6149; More

Intraday bias in EUR/AUD remains on the downside for the moment. Fall from 1.6432 should target a test on 1.5905 low. On the upside, though, break of 1.6208 minor resistance will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6131; (P) 1.6154; (R1) 1.6186; More

EUR/AUD’s fall from 1.6432 resumes today by taking out 1.6112 support. Intraday bias is back on the downside. Corrective recovery from 1.5905 should have completed at 1.6432 already. Further decline should be seen to retest 1.5905 next. On the upside, though, break of 1.6208 minor resistance will turn bias back to the upside for 1.6432 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Weekly Outlook

EUR/AUD dropped to as low as 1.6112 last week before forming a temporary low there. Initial bias remains neutral this week first. Current development suggests that corrective recovery from 1.5905 has completed at 1.6432 already. Further fall is expected as long as 1.6310 resistance holds. Break of 1.6112 will target 1.5905 low next. Decisive break there will carry larger bearish implication. However, break of 1.6310 will turn focus back to 1.6432 resistance.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5894 remains intact. However, firm break of 1.5894 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6123; (P) 1.6166; (R1) 1.6217; More

A temporary low is formed at 1.6112 and intraday bias is turned neutral first. Further decline is expected as long as 1.6310 resistance holds. Below 1.6112 will target a test on 1.5984/5905 key support zone. Decisive break there will carry larger bearish implication. However, break of 1.6310 will turn focus back to 1.6432 resistance.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6136; (P) 1.6177; (R1) 1.6200; More

Intraday bias in EUR/AUD remains on the downside for the moment. Corrective recovery from 1.5905 should have completed at 1.6432 already. Further fall should be seen to retest 1.5984/5905 key support zone. Decisive break there will carry larger bearish implication. On the upside, above 1.6218 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.6432 resistance holds.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6155; (P) 1.6195; (R1) 1.6224; More

Intraday bias in EUR/AUD remains on the downside at this point. Corrective recovery from 1.5905 should have completed at 1.6432 already. Further fall should be seen to retest 1.5984/5905 key support zone. Decisive break there will carry larger bearish implication. On the upside, however, break of 1.6310 minor resistance will turn bias back to the upside for 1.6432 resistance again.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6208; (P) 1.6240; (R1) 1.6265; More

EUR/AUD’s break of 1.6203 support suggests that corrective recovery from 1.5905 has completed at 1.6432. Intraday bias is back on the downside for retesting 1.5984/5905 key support zone. Decisive break there will carry larger bearish implication. On the upside, however, break of 1.6310 minor resistance will turn bias back to the upside for 1.6432 resistance again.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6058) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6203; (P) 1.6253; (R1) 1.6295; More

Intraday bias in EUR/AUD remains neutral first. On the downside, firm break of 1.6203 will argue that corrective rise from 1.5905 has completed at 1.6432. Intraday bias will be turned back to the downside for retesting 1.5905. On the upside, break of 1.6432 will target 1.6680/6786 resistance zone next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6054) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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EUR/AUD Weekly Outlook

EUR/AUD drew from 1.6203 last week and recovered briefly. But there was no follow through buying. Initial bias remains neutral this week first. On the downside, firm break of 1.6203 will argue that corrective rise from 1.5905 has completed at 1.6432. Intraday bias will be turned back to the downside for retesting 1.5905. On the upside, break of 1.6432 will target 1.6680/6786 resistance zone next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6054) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5894 remains intact. However, firm break of 1.5894 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6248; (P) 1.6279; (R1) 1.6320; More

Outlook in EUR/AUD remains unchanged and intraday bias remains neutral first. Further rise is expected with 1.6203 support intact. On the upside, above 1.6432 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6203 support will turn bias back to the downside for 1.6074 support and then 1.5905.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6047) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

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