Daily Pivots: (S1) 1.7752; (P) 1.7826; (R1) 1.7878; More…

Intraday bias in EUR/AUD is turned neutral again with today’s sharp decline. On the downside, break of 1.7561 support will revive the bearish case that corrective pattern from 1.8554 is in the third leg, and target 1.7245 support. On the upside, through, above 1.7895 will resume the rebound from 1.7561 to 1.8160 resistance next.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

EUR/AUD’s strong rebound from 1.7571 last week dampened the original bearish view. Fall from 1.8160 is likely just part of the sideway pattern from 1.8155. Initial bias is mildly on the upside this week for 1.8160 first. On the downside, however, break of 1.7561 will revive the bearish case that corrective pattern from 1.8554 is in the third leg, and target 1.7245 support.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

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 1.6501) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7700; (P) 1.7775; (R1) 1.7896; More…

EUR/AUD’s break of 1.7813 resistance dampen the original bearish view. Intraday bias is back on the upside for 1.8160 resistance first. On the downside, though, break of 1.7561 will resume the fall from 1.8160 to 1.7254 support.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7601; (P) 1.7694; (R1) 1.7755; More…

Intraday bias in EUR/AUD stays neutral for the moment and more consolidations could be seen. Further decline is in favor with 1.7813 minor resistance intact. On the downside, decisive break of 1.7569 support solidify the case that corrective pattern from 1.8554 is already in the third leg. Deeper fall should then be seen to 1.7254 support next. However, strong break of 1.7813 will turn bias back to the upside for 1..8160 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7619; (P) 1.7672; (R1) 1.7744; More…

Intraday bias in EUR/AUD remains neutral and further decline is in favor with 1.7813 minor resistance intact. On the downside, decisive break of 1.7569 support solidify the case that corrective pattern from 1.8554 is already in the third leg. Deeper fall should then be seen to 1.7254 support next. However, strong break of 1.7813 will turn bias back to the upside for 1..8160 resistance instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7570; (P) 1.7614; (R1) 1.7664; More…

EUR/AUD recovered after edging lower to 1.7561 and intraday bias remains neutral. Further fall is in favor as long as 1.7813 resistance holds. Decisive break of 1.7569 support solidify the case that corrective pattern from 1.8554 is already in the third leg. Deeper fall should then be seen to 1.7254 support next.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7584; (P) 1.7641; (R1) 1.7685; More…

Intraday bias in EUR/AUD remains neutral first. On the downside, firm break of 1.7569 support will solidify the case that corrective pattern from 1.8554 is already in the third leg. Deeper fall should then be seen to 1.7254 support next. For now, risk will remain on the downside as long as 1.7813 minor resistance holds.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7406) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

EUR/AUD’s extended decline last week dampened the original bullish view, and suggests that corrective pattern from 1.8554 is extending with a thirds. Initial bias stays neutral this week first. Firm break of 1.7569 support will solidify this case and target 1.7254 support next. For now, risk will remain on the downside as long as 1.7813 minor resistance holds.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA (now at 1.7399) will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

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 1.6501) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7610; (P) 1.7659; (R1) 1.7700; More…

EUR/AUD recovered ahead of 1.7569 support and intraday bias is turned neutral first. On the downside, firm break of 1.7569 will confirm that pattern from 1.8554 already in its third leg, and target 1.7245 next. On the upside, break of 1.7813 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7575; (P) 1.7648; (R1) 1.7715; More…

Intraday bias in EUR/AUD remains on the downside at this point. Firm break of 1.7569 support will confirm that pattern from 1.8554 already in its third leg, and target 1.7245 next. On the upside, above 1.7717 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7654; (P) 1.7734; (R1) 1.7777; More…

EUR/AUD’s fall from 1.8160 accelerates lower today and intraday bias remains on the downside. Firm break of 1.7569 support will confirm that pattern from 1.8554 already in its third leg, and target 1.7245 next. On the upside, above 1.7717 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern. Sustained break of 55 W EMA will suggest that it’s correcting the whole rally from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922. Nevertheless, strong rebound form 55 W EMA will likely bring resumption of the up trend sooner.

Daily Pivots: (S1) 1.7729; (P) 1.7774; (R1) 1.7808; More…

Intraday bias in EUR/AUD stays on the downside as fall from 1.8160 is in progress for 1.7569 support. Break there will indicate that corrective pattern from 1.8554 already in its third leg, and target 1.7245. On the upside, above 1.7895 minor resistance will turn intraday bias neutral.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might still be in progress. But outlook will stay bullish as long as 55 W EMA (now at 1.7391) holds, and up trend from 1.4281 (2022 low) is expected to resume through 1.8554 at a later stage.

Daily Pivots: (S1) 1.7826; (P) 1.7861; (R1) 1.7893; More…

EUR/AUD’s fall from 18160 resumed by breaking through 1.7798 temporary low. The development dampened the original bullish view, and suggests that corrective pattern from 1.8554 is probably extending. Intraday bias is turned back to the downside for 1.7569 support first. On the upside, above 1.7895 minor resistance will turn intraday bias neutral.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might still be in progress. But outlook will stay bullish as long as 55 W EMA (now at 1.7391) holds, and up trend from 1.4281 (2022 low) is expected to resume through 1.8554 at a later stage.

EUR/AUD’s pullback was a little deeper than expected last week, but it nonetheless recovered after hitting 1.7798. Initial bias remains neutral first. On the upside, break of 1.7965 minor resistance will bring retest of 1.8160. Firm break there will solidify the case that larger up trend is resuming. However, below 1.7798 will dampen this week and suggest that corrective pattern from 1.8554 is still extending. In this case, deeper fall should be seen to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

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 1.6506) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7792; (P) 1.7848; (R1) 1.7897; More…

EUR/AUD breached 1.7818 support but quickly recovered. Intraday bias stays neutral first. On the upside, above 1.7965 will turn bias back to the upside for retesting 1.8160 first. Firm break there will affirm the case that larger up trend is resuming, and target 1.8554 high next. On the downside, however, firm break of 1.7818 will dampen this bullish view and turn focus back to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

Daily Pivots: (S1) 1.7840; (P) 1.7884; (R1) 1.7936; More…

Intraday bias in EUR/AUD remains neutral and further rally is in favor with 1.7818 support intact. On the upside, above 1.7965 will turn bias back to the upside for retesting 1.8160 first. Firm break there will affirm the case that larger up trend is resuming, and target 1.8554 high next. On the downside, however, break of 1.7818 will dampen this bullish view and turn focus back to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

Daily Pivots: (S1) 1.7846; (P) 1.7896; (R1) 1.7931; More…

Intraday bias in EUR/AUD remains neutral and outlook is unchanged. With 1.7818 support intact, further rally is in favor. On the upside, above 1.7965 will turn bias back to the upside for retesting 1.8160 first. Firm break there will affirm the case that larger up trend is resuming, and target 1.8554 high next. On the downside, however, break of 1.7818 will dampen this bullish view and turn focus back to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

Daily Pivots: (S1) 1.7838; (P) 1.7907; (R1) 1.7945; More…

Intraday bias in EUR/AUD stays neutral at this point, and further rally is in favor as long as 1.7818 support holds. On the upside, above 1.7965 minor resistance will bring retest of 1.8160 first. Sustained break of 0.8155 resistance will affirm the case that larger up trend is resuming. Further rise should be seen to retest 1.8554 high next. However, break of 1.7818 will dampen this bullish view and turn focus back to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

Daily Pivots: (S1) 1.7868; (P) 1.8015; (R1) 1.8093; More…

Intraday bias in EUR/AUD remains neutral for the moment, and more consolidations could be seen first. On the upside, sustained break of 0.8155 resistance will affirm the case that larger up trend is resuming. Further rise should be seen to retest 1.8554 high next. However, break of 1.7818 will dampen this bullish view and turn focus back to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

EUR/AUD’s strong rally last week suggests that corrective pattern from 1.8554 has completed with three waves to 1.7569. Nevertheless, since a temporary top was formed at 0.8160 after first rejection by 1.8155 resistance, initial bias is turned neutral this week first. On the upside, sustained break of 1.8155 will affirm this bullish case and bring retest of 1.8554 high next. However, break of 1.7818 will dampen this bullish view and turn focus back to 1.7569 support instead.

In the bigger picture, price actions from 1.8554 medium term top are seen as a corrective pattern, which might have completed already. Firm break of 1.8554 will resume larger up trend from 1.4281 (2022 low), and target 61.8% projection of 1.5963 to 1.8554 from 1.7569 at 1.9170. Nevertheless, break of 1.7569 support will delay the bullish case and extend the correction from 1.8554.

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 1.6506) holds, this second leg could still extend higher.