Daily Pivots: (S1) 1.5621; (P) 1.5684; (R1) 1.5728; More…

EUR/AUD is losing some upside momentum but further rise is still in favor as long as 1.5585 minor support holds. Sustained break of 55 day EMA (now at 1.5764) will argue that whole fall from 1.6434 has completed and bring stronger rally. On the downside, however, below 1.5585 minor support will turn bias back to the downside for 1.5354. Break there will target a test on 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) 1.5630; (P) 1.5680; (R1) 1.5762; More…

Intraday bias in EUR/AUD stays on the upside as rebound from 1.5354 extends. Sustained break of 55 day EMA (now at 1.5764) will argue that whole fall from 1.6434 has completed and bring stronger rally. On the downside, however, below 1.5585 minor support will turn bias back to the downside for 1.5354. Break there will target a test on 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) 1.5581; (P) 1.5615; (R1) 1.5642; More…

With 1.5532 minor support intact, further rise is still in favor in EUR/AUD. Sustained break of 55 day EMA (now at 1.5764) will argue that whole fall from 1.6434 has completed and bring stronger rally. On the downside, however, below 1.5532 minor support turn turn bias back to the downside for 1.5354. Break there will target a test on 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) 1.5580; (P) 1.5624; (R1) 1.5668; More…

Further rise could be seen in EUR/AUD with 1.5532 minor support intact. Sustained break of 55 day EMA (now at 1.5770) will argue that whole fall from 1.6434 has completed and bring stronger rally. On the downside, however, below 1.5532 minor support turn turn bias back to the downside for 1.5354. Break there will target a test on 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.

EUR/AUD recovered last week after forming a short term bottom at 1.5354. Further rise could be seen this week to 55 day EMA (now at 1.5775). Sustained break there will argue that whole fall from 1.6434 has completed and bring stronger rally. On the downside, however, below 1.5532 minor support turn turn bias back to the downside for 1.5354. Break there will target a test on 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.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Sustained break of 61.8 retracement of 1.1602 to 1.9799 at 1.4733 will extend the decline to 1.3624 long term support and possibly below.

Daily Pivots: (S1) 1.5548; (P) 1.5585; (R1) 1.5624; More…

Intraday bias in EUR/AUD remains mildly on the upside for 55 day EMA (now at 1.5788). Sustained break there will argue that whole fall from 1.6434 has completed and bring stronger rally. On the downside, through, below 1.5532 minor support turn turn bias back to the downside for 1.5353. Break there will target a test on 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 nand 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) 1.5548; (P) 1.5585; (R1) 1.5624; More…

Intraday bias in EUR/AUD is mildly on the upside as rebound from 1.5354 would target 55 day EMA (now at 1.5788). On the downside, break of 1.5354 will resume the fall from 1.6434 to retest 1.5250 low. Sustained break there will resume larger down trend from 1.9799.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption nand 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) 1.5456; (P) 1.5530; (R1) 1.5661; More…

Intraday bias in EUR/AUD is mildly on the upside at this point. Rebound from 1.5354 would target 55 day EMA (now at 1.5795). On the downside, break of 1.5354 will resume the fall from 1.6434 to retest 1.5250 low. Sustained break there will resume larger down trend from 1.9799.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption nand 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) 1.5380; (P) 1.5410; (R1) 1.5464; More…

Break of 1.5523 minor resistance suggests that a short term bottom is formed at 1.5354, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the upside for stronger rebound, towards 55 day EMA (now at 1.5803). On the downside, break of 1.5354 will resume the fall from 1.6434 to retest 1.5250 low. Sustained break there will confirm resumption of larger down trend.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption nand 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) 1.5312; (P) 1.5419; (R1) 1.5480; More…

Intraday bias in EUR/AUD remains on the downside for retesting 1.5250 low. Sustained break there will confirm resumption of larger down trend. Next target is 1.4733 long term fibonacci support. On the upside, break of 1.5523 minor resistance will turn bias back to the upside for stronger rebound first.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption nand 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.

EUR/AUD’s fall from 1.6434 continued last week and reached as high as 1.5356. Initial bias stays on the downside this week for 1.5250 low. Sustained break there will confirm resumption of larger down trend. Next target is 1.4733 long term fibonacci support. On the upside, break of 1.5523 minor resistance will turn bias back to the upside for stronger rebound first.

In the bigger picture, the down trend from 1.9799 (2020 high) is in progress. Firm break of 1.5250 low will confirm resumption nand 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.

In the longer term picture, fall from 1.9799 (2020 high) is seen as a long term down trend. Sustained break of 61.8 retracement of 1.1602 to 1.9799 at 1.4733 will extend the decline to 1.3624 long term support and possibly below.

Daily Pivots: (S1) 1.5422; (P) 1.5461; (R1) 1.5527; More…

A temporary low is formed at 1.5393, ahead of 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379. Intraday bias is turned neutral first, but further fall is expected as long as 1.5598 resistance holds. Firm break of 1.5379 will pave the way to retest 1.5250 low. However, break of 1.5598 minor resistance will indicate short term bottoming, and turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5821).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

Daily Pivots: (S1) 1.5391; (P) 1.5438; (R1) 1.5478; More…

Intraday bias in EUR/AUD stays on the downside for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379. Sustained break there will pave the way to retest on 1.5250 low. On the upside, break of 1.5598 minor resistance will indicate short term bottoming, and turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5833).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

Daily Pivots: (S1) 1.5424; (P) 1.5466; (R1) 1.5501; More…

Intraday bias in EUR/AUD remains on the downside at this point. Sustained break of 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 will pave the way to retest 1.5250 low. Nevertheless, break of 1.5598 minor resistance will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5847).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

Daily Pivots: (S1) 1.5458; (P) 1.5527; (R1) 1.5567; More…

EUR/AUD’s fall resumed by breaking 1.5456 and intraday bias is back on the downside for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 Break there will target 1.5250 low. Nevertheless, break of 1.5598 minor resistance will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5878).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

Daily Pivots: (S1) 1.5526; (P) 1.5563; (R1) 1.5629; More…

Intraday bias in EUR/AUD remains neutral for consolidation above 1.5456 temporary low. . On the downside, break of 1.5456 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. Nevertheless, break of 1.5716 will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5880).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

EUR/AUD dropped further to as low as 1.5456 last week, but formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations first. On the downside, break of 1.5456 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. Nevertheless, break of 1.5716 will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5893).

In the bigger picture, with 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, the down trend from 1.9799 (2020 high) is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. In either case, break of 1.5250 will target 61.8 retracement of 1.1602 to 1.9799 at 1.4733. Break there will target 1.3624 long term support.

Daily Pivots: (S1) 1.5489; (P) 1.5539; (R1) 1.5618; More…

A temporary low is in place at 1.5456 in EUR/AUD with current recovery. Intraday bias is turned neutral for consolidations. On the downside, break of 1.5456 will resume the fall from 1.6434 to 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. Nevertheless, break of 1.5716 will turn bias to the upside for stronger rebound to 55 day EMA (now at 1.5904).

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

Daily Pivots: (S1) 1.5468; (P) 1.5524; (R1) 1.5558; More…

EUR/AUD’s fall is still in progress and intraday bias remains on the downside. Current decline from 1.6434 is in progress for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. Break there will target 1.5250 low. On the upside, above 1.5716 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.

Daily Pivots: (S1) 1.5514; (P) 1.5594; (R1) 1.5642; More…

Intraday bias in EUR/AUD remains on the downside at this point. Current decline from 1.6434 is in progress for 161.8% projection of 1.6434 to 1.5907 from 1.6232 at 1.5379 next. On the upside, above 1.5716 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.5907 support turned resistance holds.

In the bigger picture, rise from 1.5250 medium term bottom is seen as a correction to the down trend from 1.9799 (2020 high) only. With 38.2% retracement of 1.9799 to 1.5250 at 1.6988 intact, such down trend is expected to resume at a later stage. Firm break of 1.5250 will target 61.8% retracement of 1.1602 (2012 low) to 1.9799 at 1.4733. In any case, sustained break of 1.6988 fibonacci level is needed to indicate long term reversal.