Mon, Jul 22, 2019 @ 18:39 GMT

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5901; (P) 1.5929; (R1) 1.5962; More

With 1.6034 minor resistance intact, further decline is expected in EUR/AUD. Current fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6034 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Weekly Outlook

EUR/AUD’s fall from 1.6448 continued last week and outlook is unchanged. Initial bias remains on the downside this week first. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6034 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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 1.5346 remains intact.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5896; (P) 1.5966; (R1) 1.6008; More

EUR/AUD’s fall resumed after brief consolidation and intraday bias is back on the downside. Current decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Deeper fall should be seen to 1.5683 support and below. On the upside, above 1.6034 minor resistance will turn intraday bias neutral again first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5979; (P) 1.6007; (R1) 1.6041; More

A temporary low is in place at 1.5945 and intraday bias in EUR/AUD is turned neutral first. Upside of recovery should be limited below 1.6231 resistance to bring another decline. Current fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5945 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5952; (P) 1.5981; (R1) 1.6018; More

With 1.6073 minor resistance intact, intraday bias in EUR/AUD stays on the downside. Current fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6073 minor resistance will turn bias neutral and bring consolidations. But upside of recovery should be limited below 1.6231 support to bring another fall.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5965; (P) 1.6019; (R1) 1.6049; More

EUR/AUD’s break of 1.6025 support indicates resumption of fall from 1.6448. Intraday bias is now back on the downside for further decline. Fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6073 minor resistance will turn bias neutral and bring consolidations. But upside of recovery should be limited below 1.6231 support to bring another fall.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6018; (P) 1.6081; (R1) 1.6116; More

Focus is now on 1.6025 support in EUR/AUD. Firm break will resume the decline from 1.6448. Such decline is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. In any case, near term outlook will remain mildly bearish as long as 1.6259 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Weekly Outlook

EUR/AUD recovered further to 1.6231 last week but reversed since then. With 1.6259 minor resistance intact, near term bearishness is retained. Initial bias remains neutral this week first. On the downside, break of 1.6025 will resume the fall from 1.6448. Such decline is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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 1.5346 remains intact.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6104; (P) 1.6147; (R1) 1.6178; More

Intraday bias in EUR/AUD remains neutral at this point. With 1.6259 minor resistance intact, further decline is expected. On the downside, break of 1.6025 will resume the fall from 1.6448 to 1.5683 support and below. On the upside, break of 1.6259 will indicate that corrective pull back from 1.6448 has completed. And further rise should be seen back to retest 1.6448 high.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6135; (P) 1.6183; (R1) 1.6212; More

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.6259 will indicate that corrective pull back from 1.6448 has completed. And further rise should be seen back to retest 1.6448 high. On the downside, break of 1.6025 will extend the fall from 1.6448 to 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6105; (P) 1.6147; (R1) 1.6216; More

EUR/AUD’s recovery from 1.6025 is still in progress and focus is back on 1.6259 minor resistance. Break will confirm that corrective pull back from 1.6448 has completed. And further rise should be seen back to retest 1.6448 high. On the downside, break of 1.6025 will extend the fall from 1.648 to 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6043; (P) 1.6078; (R1) 1.6118; More

Intraday bias in EUR/AUD is neutral for consolidation above 1.6025 temporary low first. Upside of recovery should be limited below 1.6259 resistance to bring fall resumption. Decline from 1.6448 is now seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.6025 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Weekly Outlook

EUR/AUD dropped further to as low as 1.6025 last week and breached 1.6052 support. With a temporary low in place, initial bias is neutral this week first. Upside of consolidation should be limited below 1.6259 resistance to bring fall resumption. Decline from 1.6448 is now seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.6025 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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 1.5346 remains intact.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6035; (P) 1.6059; (R1) 1.6093; More

EUR/AUD is losing some downside momentum, but further fall is expected as long as 1.6143 minor resistance holds. Current development suggests that rebound from 1.5683 has completed at 1.6448. Further decline would be seen to retest 1.5683 next. On the upside, above 1.6143 minor resistance will turn bias back to the upside for rebound first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5989; (P) 1.6078; (R1) 1.6130; More

EUR/AUD’s fall from 1.6448 is deeper than originally expected. Break of 1.6052 support suggests that rebound from 1.5683 has completed at 1.6448. Intraday bias is back on the downside for 1.5683 next. On the upside, above 1.6143 minor resistance will turn intraday bias neutral and bring recovery first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6112; (P) 1.6160; (R1) 1.6185; More

EUR/AUD’s pull back from 1.6448 is in progress and could extend lower. We’d still expect downside to be contained above 1.6052 support to bring rise resumption. On the upside, above 1.6259 minor resistance will turn bias to the upside for 1.6448 first. Break of 1.6448 will resume the rally from 1.5683 and target 1.6765 high. However, firm break of 1.6052 support will near term outlook bearish for 1.5683 support again.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6159; (P) 1.6210; (R1) 1.6254; More

No change in EUR/AUD’s outlook as corrective pull back from 1.6448 is in progress. We’d expect downside to be contained above 1.6052 support to bring rise resumption. On the upside, break of 1.6448 will resume the rally from 1.5683 and target 1.6765 high. However, firm break of 1.6052 support will near term outlook bearish for 1.5683 support again.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6164; (P) 1.6209; (R1) 1.6235; More

EUR/AUD’s correction from 1.6448 is still in progress and outlook remains unchanged. While deeper decline cannot be ruled out, downside should be contained above 1.6052 support to bring rise resumption. On the upside, break of 1.6448 will resume the rally from 1.5683 and target 1.6765 high. However, firm break of 1.6052 support will near term outlook bearish for 1.5683 support again.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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EUR/AUD Weekly Outlook

EUR/AUD’s correction form 1.6448 extended lower last week but outlook is unchanged. While further decline might be seen this week, downside should be contained above 1.6052 support to bring rise resumption. On the upside, break of 1.6448 will resume the rally from 1.5683 and target 1.6765 high. However, firm break of 1.6052 support will near term outlook bearish for 1.5683 support again.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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 1.5346 remains intact.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6195; (P) 1.6247; (R1) 1.6274; More

EUR/AUD drops further today as consolidation from 1.6448 extends. But outlook is unchanged and intraday bias remains neutral. Downside should be contained above 1.6052 support to bring rise resumption. On the upside, break of 1.6448 will resume the rally from 1.5683 and target 1.6765 high.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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