Sun, Oct 20, 2019 @ 12:31 GMT

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6183; (P) 1.6268; (R1) 1.6314; More

EUR/AUD’s fall from 1.6786 accelerates to as low as 1.6177 so far. The break 1.6247 support dampens original bullish view. Rise from 1.5683 could have completed at 1.6786 after breaching 1.6765. Intraday bias is now on the downside for 1.5894 support. Break will target 1.5346 support next. On the upside, above 1.6351 minor resistance will turn bias neutral again first.

In the bigger picture, outlook remains bullish and up trend from 1.1602 (2012 low) is still in progress. Prior support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6304; (P) 1.6328; (R1) 1.6358; More

EUR/AUD’s correction is still in progress and deeper fall could be seen. For now, we’d still expect 1.6247 resistance turned support to contain downside to bring rebound. On the upside, break of 1.6680 resistance will resume larger rally through 1.6786. However, sustained break of 1.6247 will bring deeper fall towards 1.5894 support instead.

In the bigger picture, outlook remains bullish and up trend from 1.1602 (2012 low) is still in progress. Prior support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6259; (P) 1.6367; (R1) 1.6423; More

No change in EUR/AUD’s outlook s consolidation from 1.6786 is still extending. Deeper fall cannot be ruled out but downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, firm break of 1.6786 will resume larger up trend to 1.7488 projection level. However, sustained break of 1.6247 will bring deeper fall towards 1.5894 support instead.

In the bigger picture, outlook remains bullish and up trend from 1.1602 (2012 low) is still in progress. Prior support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Weekly Outlook

EUR/AUD’s stayed in consolidation from 1.6785 last week with some volatility seen. But overall near term outlook is unchanged. Downside of the consolidation should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, firm break of 1.6786 will resume larger up trend to 1.7488 projection level. However, sustained break of 1.6247 will bring deeper fall towards 1.5894 support instead.

In the bigger picture, outlook remains bullish and up trend from 1.1602 (2012 low) is still in progress. Prior support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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) 1.6411; (P) 1.6439; (R1) 1.6480; More

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6786 is still in progress. In case of another fall, downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, firm break of 1.6786 will resume larger up trend to 1.7488 projection level.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6376; (P) 1.6423; (R1) 1.6472; More

EUR/AUD’s consolidation from 1.6786 is still in progress and intraday bias remains neutral. In case of another fall, downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, firm break of 1.6786 will resume larger up trend to 1.7488 projection level.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6392; (P) 1.6459; (R1) 1.6561; More

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6786 is extending. Downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, firm break of 1.6786 will resume larger up trend to 1.7488 projection level.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6392; (P) 1.6459; (R1) 1.6561; More

EUR/AUD’s pull back from 1.6786 could have completed at 1.6308. But subsequent rebound failed to through through 1.6786 and retreated. Intraday bias remains neutral first. On the upside, firm break of 1.6786 will resume larger up trend. In case of another fall, downside should be contained by 1.6247 resistance turned support to bring rise resumption.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Weekly Outlook

EUR/AUD’s consolidation from 1.6786 extended last week outlook is unchanged. In case of another fall, downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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) 1.6353; (P) 1.6387; (R1) 1.6433; More

No change in EUR/AUD’s outlook. Corrective fall from 1.6786 might extend. But downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6319; (P) 1.6352; (R1) 1.6380; More

EUR/AUD’s corrective fall from 1.6786 might extend. But downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6324; (P) 1.6365; (R1) 1.6421; More

No change in EUR/AUD’s outlook. Corrective fall from 1.6786 might extend lower. But downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6340; (P) 1.6375; (R1) 1.6412; More

EUR/AUD’s corrective fall from 1.6786 might extend lower. But downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6303; (P) 1.6356; (R1) 1.6404; More

No change in EUR/AUD’s outlook as corrective fall from 1.6786 minor extend lower. Downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Weekly Outlook

EUR/AUD’s corrective fall from 1.6786 extended lower last week but outlook remains unchanged. While further decline cannot be ruled out this week, downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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) 1.6328; (P) 1.6422; (R1) 1.6486; More

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6786 is in progress. In case of deeper fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6417; (P) 1.6506; (R1) 1.6597; More

EUR?AUD is staying in consolidation from 1.6786 and intraday bias remains neutral first. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6347; (P) 1.6485; (R1) 1.6576; More

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6786 continues. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6520; (P) 1.6572; (R1) 1.6667; More

EUR/AUD is staying in consolidation from 1.6786 and intraday bias remains neutral. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6439; (P) 1.6481; (R1) 1.6554; More

Intraday bias in EUR/AUD remains neutral for consolidation below 1.6786. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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