EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5373; (P) 1.5424; (R1) 1.5467; More

Intraday bias in EUR/AUD remains neutral as consolidation from 1.5704 is extending. In case of deeper retreat, downside should be contained by 55 day EMA (now at 1.5244) to bring rebound. On the upside, break of 1.5704 will resume larger rise from 1.4281. However, sustained trading below 55 day EMA will bring deeper correction towards 1.4965 resistance turned support.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5373; (P) 1.5425; (R1) 1.5489; More

EUR/AUD is staying in consolidation from 1.5704 and intraday bias remains neutral. In case of deeper retreat, downside should be contained by 55 day EMA (now at 1.5244) to bring rebound. On the upside, break of 1.5704 will resume larger rise from 1.4281. However, sustained trading below 55 day EMA will bring deeper correction towards 1.4965 resistance turned support.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Weekly Outlook

EUR/AUD extended the corrective pattern from 1.5704 and outlook is unchanged. Initial bias remains neutral this week first. In case of deeper retreat, downside should be contained by 55 day EMA (now at 1.5244) to bring rebound. On the upside, break of 1.5704 will resume larger rise from 1.4281. However, sustained trading below 55 day EMA will bring deeper correction towards 1.4965 resistance turned support.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

In the longer term picture, breach of 55 month EMA (now at 1.5613) raises the chance of medium term bullish reversal. Focus is back on 1.6434 cluster resistance, 38.2% retracement of 1.9799 (2020 high) to 1.4281 at 1.6389). Sustained break there will confirm and target 61.8% retracement at 1.7691.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5326; (P) 1.5489; (R1) 1.5577; More

EUR/AUD’s consolidation pattern from 1.5704 extends with another falling leg. Intraday bias stays neutral first. Downside is expected to be contained by 55 day EMA (now at 1.5245) to bring rebound. Break of 1.5704 will resume larger rise from 1.4281. However, sustained trading below 55 day EMA will bring deeper correction towards 1.4965 resistance turned support.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5489; (P) 1.5538; (R1) 1.5618; More

Focus is back on 1.5704 in EUR/AUD with current strong rebound. Firm break there will resume larger up trend from 1.4281. Next target will be 61.8% projection of 1.4716 to 1.5704 from 1.5267 at 1.5878, and then 100% projection at 1.6255. In case of another fall as correction from 1.5704 extends, downside should contained by 55 day EMA (now at 1.5245) to bring rebound.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5416; (P) 1.5469; (R1) 1.5541; More

EUR/AUD is extending the corrective pattern from 1.5074. Intraday bias stays neutral at this point. Deeper fall could be seen but downside should contained by 55 day EMA (now at 1.5227) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5416; (P) 1.5456; (R1) 1.5506; More

EUR/AUD is sill extending the correction from 1.5704 and intraday bias remains neutral. Deeper fall could be seen but downside should contained by 55 day EMA (now at 1.5216) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5269; (P) 1.5393; (R1) 1.5513; More

Intraday bias in EUR/AUD stays neutral for the moment. Correction from 1.5704 could extend lower, but downside should contained by 55 day EMA (now at 1.5209) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Weekly Outlook

EUR/AUD gyrated lower as correction from 1.5704 extended last week. Initial bias stays neutral this week first and deeper fall cannot be ruled out. But downside should contained by 55 day EMA (now at 1.5199) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

In the longer term picture, breach of 55 month EMA (now at 1.5613) raises the chance of medium term bullish reversal. Focus is back on 1.6434 cluster resistance, 38.2% retracement of 1.9799 (2020 high) to 1.4281 at 1.6389). Sustained break there will confirm and target 61.8% retracement at 1.7691.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5440; (P) 1.5486; (R1) 1.5541; More

Intraday bias in EUR/AUD remains neutral as consolidation from 1.5704 is extending. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5199) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5372; (P) 1.5427; (R1) 1.5509; More

EUR/AUD is extending the consolidation from 1.5704 and intraday bias remains neutral for the moment. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5191) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5381; (P) 1.5435; (R1) 1.5503; More

Intraday bias in EUR/AUD stays neutral as consolidation from 1.5704 is in progress. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5172) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5403; (P) 1.5485; (R1) 1.5529; More

EUR/AUD is extending the consolidation from 1.5704 and intraday bias remains neutral. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5172) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5450; (P) 1.5509; (R1) 1.5601; More

Intraday bias in EUR/AUD stays neutral as consolidation from 1.5704 is extending. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5163) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Weekly Outlook

EUR/AUD edged higher to 1.5704 but quickly retreated. Initial bias stays neutral this week for consolidations. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5150) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

In the longer term picture, breach of 55 month EMA (now at 1.5613) raises the chance of medium term bullish reversal. Focus is back on 1.6434 cluster resistance, 38.2% retracement of 1.9799 (2020 high) to 1.4281 at 1.6389). Sustained break there will confirm and target 61.8% retracement at 1.7691.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5350; (P) 1.5479; (R1) 1.5567; More

EUR/AUD breached 1.5412 support briefly but quickly recovered. Intraday bias remains neutral first. On the upside, break of 1.5704 will resume the rally from 1.4281 to 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. However, on the downside, firm break of 1.5412 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5435; (P) 1.5533; (R1) 1.5617; More

EUR/AUD is staying in consolidation from 1.5704 and intraday bias remains neutral. On the upside, break of 1.5704 will resume the rally from 1.4281 to 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. However, on the downside, break of 1.5412 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5538; (P) 1.5600; (R1) 1.5651; More

Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.5704 will resume the rally from 1.4281 to 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. However, on the downside, break of 1.5412 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5472; (P) 1.5589; (R1) 1.5764; More

EUR/AUD edged higher to 1.5704 but quickly retreated. Intraday bias stays neutral first. Break of 1.5704 will resume the rally from 1.4281 to 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. However, on the downside, break of 1.5412 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5377; (P) 1.5512; (R1) 1.5595; More

Intraday bias in EUR/AUD remains neutral for consolidation below 1.5685. In case of another retreat, downside should be contained by 1.5165 support to bring another rally. Break of 1.5685 will resume the rise from 1.4281 and target 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823 next.

In the bigger picture, a medium term bottom should be in place at 1.4281, on bullish convergence condition in daily MACD. Further rise would be seen back to 1.6434 key resistance next. Break of 1.4965 resistance turned support is needed to indicate reversal. Otherwise, further rally will remain in favor.