Daily Pivots: (S1) 1.5690; (P) 1.5743; (R1) 1.5827; More…

Despite dipping to 1.5655, EUR/AUD quickly recovered. Intraday bias remains neutral first. On the downside, break of 1.5655 will revive the case that rebound from 1.5354 has completed, and bring retest of this support. On the upside, break of 1.6168 will resume the rise from 1.5354 to 1.6434 resistance.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5699; (P) 1.5779; (R1) 1.5823; More…

Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.5716 will revive the case that rebound from 1.5354 has completed, and bring retest of this support. On the upside, break of 1.6168will resume the rise from 1.5354 to 1.6434 resistance.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5792; (P) 1.5850; (R1) 1.5898; More…

Intraday bias in EUR/AUD is turned neutral again as recovery from 1.5761 quickly lost momentum. On the upside, break of 1.6168will resume the rise from 1.5354 to 1.6434 resistance. On the downside, though, break of 1.5716 will revive the case that rebound from 1.5354 has completed, and bring retest of this support.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5747; (P) 1.5809; (R1) 1.5881; More…

Intraday bias in EUR/AUD is turned back to the upside with break of 1.5851 minor resistance. Stronger rally would be seen back to retest 1.6168. On the downside, though, break of 1.5716 will revive the case that rebound from 1.5354 has completed, and bring retest of this support.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

Daily Pivots: (S1) 1.5724; (P) 1.5775; (R1) 1.5832; More…

Intraday bias in EUR/AUD is mildly on the downside at this point. Rebound from 1.5354 could have completed three waves up to 1.6168. Deeper fall would be seen back to retest 1.5354 low. On the upside, though, above 1.5851 minor resistance will turn bias back to the upside for 1.6168 instead.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

EUR/AUD’s sharp decline last week and breach of 1.5743 resistance turned support argues that rebound from 1.5354 has completed with three waves up to 1.6168. Initial bias is mildly on the downside this week for 1.5354 support first. On the upside, though, above 1.5851 minor resistance will turn bias back to the upside for 1.6168 instead.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low. Further rise cannot be ruled out, but even in that case, strong resistance should be seen at 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Larger down trend from 1.9799 is in favor to extend through 1.5250 at a later stage.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Further decline will remain in favor as long as 38.2% retracement of 1.9799 to 1.5250 at 1.6988 holds. Break of 1.5250 will target 61.8 retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5762; (P) 1.5808; (R1) 1.5846; More…

Intraday bias in EUR/AUD stays neutral first, and as long as 1.5743 resistance turned support holds, further rise is mildly in favor. On the upside, above 1.5980 minor resistance will turn bias to the upside for 1.6168 first. Break will resume rise from 1.5354 to 1.6434 resistance next. However, firm break of 1.5743 will indicate that rebound from 1.5354 is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

Daily Pivots: (S1) 1.5788; (P) 1.5826; (R1) 1.5857; More…

As long as 1.5743 resistance turned support holds, further rise is still in favor in EUR/AUD. Above 1.5980 minor resistance will turn bias to the upside for 1.6168 first. Break will resume rise form 1.5354 to 1.6434 resistance next. However, firm break of 1.5743 will indicate that rebound from 1.5354 is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

Daily Pivots: (S1) 1.5738; (P) 1.5883; (R1) 1.5974; More…

Intraday bias in EUR/AUD stays neutral first despite the sharp fall. Another rise would be mildly in favor as long as 1.5743 resistance turned support holds. Break of 1.6168 will resume the rise from 1.5354 to 1.6434 high. However, firm break of 1.5743 will indicate that such rebound is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

Daily Pivots: (S1) 1.5943; (P) 1.6052; (R1) 1.6112; More…

Intraday bias in EUR/AUD is turned neutral will current retreat. Another rise would be mildly in favor as long as 1.5743 resistance turned support holds. Break of 1.6168 will resume the rise from 1.5354 to 1.6434 high. However, firm break of 1.5743 will indicate that such rebound is over and bring deeper fall back to 1.5250/5354 support zone.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

Daily Pivots: (S1) 1.5995; (P) 1.6083; (R1) 1.6244; More…

Intraday bias in EUR/AUD stays on the upside for the moment. Current rise from 1.5354 should target 1.6434 high. On the downside, below 1.5968 minor support will turn intraday bias neutral first. But near term outlook won’t turn bearish as long as 1.5743 resistance turned support holds.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5759) will turn focus back to 1.5250 low instead.

After some initial struggles, EUR/AUD’s rally accelerated to as high as 1.1618 last week. Initial bias remains on the upside this week for further rally. With 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 taken out, next target is 1.6434 high. On the downside, below 1.5968 minor support will turn intraday bias neutral first.

In the bigger picture, medium term outlook is neutral for the moment. Rise from 1.5354 is seen as the third leg of the corrective pattern from 1.5250 low first. Further rise could be seen through 1.6434 towards 38.2% retracement of 1.9799 to 1.5250 at 1.6988. On the downside, however, sustained trading below 55 day EMA (now at 1.5747) will turn focus back to 1.5250 low instead.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Further decline will remain in favor as long as 38.2% retracement of 1.9799 to 1.5250 at 1.6988 holds. Break of 1.5250 will target 61.8 retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5894; (P) 1.5950; (R1) 1.5990; More…

No change in EUR/AUD’s outlook as further rise is expected with 1.5743 support intact. Rebound from 1.5354 will target 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 next. On the downside, however, break of 1.5743 resistance turned support will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, the strong rebound from 1.5354 invalidates the case of imminent downside breakout, and turn medium term outlook neutral again. Such rise is seen as the third leg of the corrective pattern from 1.5250. Further rally could be seen through 1.6434 resistance. On the downside, however, break of 1.5446 support will turn focus back to 1.5250 low.

Daily Pivots: (S1) 1.5839; (P) 1.5892; (R1) 1.5984; More…

With 1.5743 support intact, further rise is expected in EUR/AUD. Rebound from 1.5354 will target 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 next. On the downside, however, break of 1.5743 resistance turned support will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, the strong rebound from 1.5354 invalidates the case of imminent downside breakout, and turn medium term outlook neutral again. Such rise is seen as the third leg of the corrective pattern from 1.5250. Further rally could be seen through 1.6434 resistance. On the downside, however, break of 1.5446 support will turn focus back to 1.5250 low.

Daily Pivots: (S1) 1.5808; (P) 1.5889; (R1) 1.5990; More…

Further rise is still in favor in EUR/AUD despite loss of upside moment. Rebound from 1.5354 will target 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 next. On the downside, however, break of 1.5743 resistance turned support will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, the strong rebound from 1.5354 invalidates the case of imminent downside breakout, and turn medium term outlook neutral again. Such rise is seen as the third leg of the corrective pattern from 1.5250. Further rally could be seen through 1.6434 resistance. On the downside, however, break of 1.5446 support will turn focus back to 1.5250 low.

Daily Pivots: (S1) 1.5741; (P) 1.5821; (R1) 1.5888; More…

Intraday bias in EUR/AUD stays on the upside as rebound from 1.5354 resumed after brief retreat. Further rally would be seen to 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 next. On the downside, however, break of 1.5743 resistance turned support will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, the strong rebound from 1.5354 invalidates the case of imminent downside breakout, and turn medium term outlook neutral again. Such rise is seen as the third leg of the corrective pattern from 1.5250. Further rally could be seen through 1.6434 resistance. On the downside, however, break of 1.5446 support will turn focus back to 1.5250 low.

Daily Pivots: (S1) 1.5681; (P) 1.5799; (R1) 1.6020; More…

Further rise is mildly in favor in EUR/AUD as long as 1.5743 support holds. Fall from 1.6434 might have completed at 1.5354 already. Rebound from there would target 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 next. On the downside, break of 1.5743 resistance turned support will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, the strong rebound from 1.5354 invalidates the case of imminent downside breakout, and turn medium term outlook neutral again. Such rise is seen as the third leg of the corrective pattern from 1.5250. Further rally could be seen through 1.6434 resistance. On the downside, however, break of 1.5446 support will turn focus back to 1.5250 low.

EUR/AUD’s rebound from 1.5354 resumed last week and accelerated to as high as 1.5906. The development suggests that whole decline from 1.6434 has completed at 1.5354 already. Initial bias stays on the upside this week for 161.8% projection of 1.5354 to 1.5743 from 1.5446 at 1.6075 next. On the downside, break of 1.5743 resistance turned support will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, the strong rebound from 1.5354 invalidates the case of imminent downside breakout, and turn medium term outlook neutral again. Such rise is seen as the third leg of the corrective pattern from 1.5250. Further rally could be seen through 1.6434 resistance. On the downside, however, break of 1.5446 support will turn focus back to 1.5250 low.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Further decline will remain in favor as long as 38.2% retracement of 1.9799 to 1.5250 at 1.6988 holds. Break of 1.5250 will target 61.8 retracement of 1.1602 (2012 low) to 1.9799 at 1.4733

Daily Pivots: (S1) 1.5550; (P) 1.5591; (R1) 1.5630; More…

Immediate focus is now on 1.5743 resistance with today’s rally in EUR/AUD. Firm break there, will have 55 day EMA taken out too, would argue that whole decline from 1.6434 has completed at 1.5354 already. Intraday bias will be back on the upside for 1.5907 support turned resistance first. On the downside, though, break of 1.5446 support will resume the fall from 1.6434, through 1.5354, to retest 1.5250 low.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption and target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. Sustained break there could bring more downside acceleration to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623. In any case, break of 1.6434 resistance is needed to signal medium term bottoming, or outlook will stay bearish.

Daily Pivots: (S1) 1.5522; (P) 1.5566; (R1) 1.5611; More…

Outlook in EUR/AUD is unchanged and intraday bias remains neutral first. Further fall is expected as long as 1.5743 resistance holds. On the downside, break of 1.5354 will resume whole fall from 1.6434 to retest 1.5250 low. Nevertheless, break of 1.5743 will turn near term outlook bullish for 1.5907 resistance instead.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption and target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. Sustained break there could bring more downside acceleration to 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623. In any case, break of 1.6434 resistance is needed to signal medium term bottoming, or outlook will stay bearish.