Daily Pivots: (S1) 1.5370; (P) 1.5450; (R1) 1.5492; More…

Intraday bias in EUR/AUD remains neutral at this point. Outlook stays bearish as it’s staying inside near term falling channel. On the downside, break of 1.5250 low will resume larger down trend from 1.9799, for 1.4733 fibonacci level. On the upside, though, break of 1.5689 and sustained trading above channel resistance will indicate short term bottoming. Intraday bias will be turned back to the upside for 1.5945 resistance and above.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5444; (P) 1.5492; (R1) 1.5540; More…

Range trading continues in EUR/AUD and intraday bias remains neutral first. outlook stays bearish as it’s staying inside near term falling channel. On the downside, break of 1.5250 low will resume larger down trend from 1.9799, for 1.4733 fibonacci level. On the upside, though, break of 1.5689 and sustained trading above channel resistance will indicate short term bottoming. Intraday bias will be turned back to the upside for 1.5945 resistance and above.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5454; (P) 1.5532; (R1) 1.5585; More…

Intraday bias in EUR/AUD remains neutral as range trading continues inside 1.5250/5689. Outlook remains bearish as it’s staying inside near term falling channel. On the downside, break of 1.5250 low will resume larger down trend from 1.9799, for 1.4733 fibonacci level. On the upside, though, break of 1.5689 and sustained trading above channel resistance will indicate short term bottoming. Intraday bias will be turned back to the upside for 1.5945 resistance and above.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

EUR/AUD stayed in range of 1.5250/5689 last week and outlook remains bearish as it’s staying inside near term falling channel. On the downside, break of 1.5250 low will resume larger down trend from 1.9799, for 1.4733 fibonacci level. On the upside, though, break of 1.5689 and sustained trading above channel resistance will indicate short term bottoming. Intraday bias will be turned back to the upside for 1.5945 resistance and above.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

In the longer term picture rise from 1.1602 (2012 low) could have already completed with three waves up to 1.9799. The development suggests that long term range trading is extending with another medium term down leg. Sustained trading below 55 month EMA (now at 1.5838) now further affirms this case could bring deeper decline to 1.1602/3624 support zone.

Daily Pivots: (S1) 1.5453; (P) 1.5484; (R1) 1.5545; More…

Intraday bias in EUR/AUD is turned neutral with 4 hour MACD crossed above signal line. Near term outlook remains bearish as it’s staying inside falling channel from 1.6827. Break of 1.5250 will resume larger down trend form 1.9799, for 1.4733 fibonacci level. On the upside, above 1.5689 will bring another rebound. But outlook will remain bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5453; (P) 1.5484; (R1) 1.5545; More…

Intraday bias in EUR/AUD stays mildly on the downside for retesting 1.5250 low. Firm break there will resume larger down trend form 1.9799, for 1.4733 fibonacci level. On the upside, above 1.5689 will bring another rebound. But outlook will remain bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5398; (P) 1.5468; (R1) 1.5525; More…

Intraday bias in EUR/AUD remains mildly on the downside for retesting 1.5250. Corrective rebound from there should have completed at 1.5689 after hitting channel resistance. Break of 1.5250 will resume larger down trend form 1.9799, for 1.4733 fibonacci level. On the upside, above 1.5689 will bring another rebound. But outlook will remain bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5431; (P) 1.5549; (R1) 1.5619; More…

EUR/AUD’s break of 1.5487 support indicates that corrective rebound from 1.5250 has completed at 1.5689, after hitting channel resistance. Intraday bias is back on the downside for retesting 1.5250 low first. Break will resume larger down trend form 1.9799, for 1.4733 fibonacci level. On the upside, above 1.5689 will bring another rebound. But outlook will remain bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5431; (P) 1.5549; (R1) 1.5619; More…

EUR/AUD retreated sharply after hitting near term falling channel. Focus is back on 1.5487 minor support. Firm break there will suggest completion of rebound from 1.5250. Intraday bias will be turned back to the downside to bring retest of 1.5250 low. Above 1.5689 will bring another rise. But still, outlook stays bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5514; (P) 1.5603; (R1) 1.5760; More…

EUR/AUD’s recovery from 1.5250 short term bottom could extend higher. But still, outlook stays bearish as long as 1.5945 resistance holds. Break of 1.5487 minor support will bring retest of 1.5250 low. However, firm break of 1.5945 will suggest that fall from 1.6827 has completed. Stronger rise would then be seen back to 1.6033 resistance turned support and above.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

EUR/AUD edged lower to 1.5250 last week but rebounded strongly from there. As a short term bottom should be formed, further rise might be seen in the near term. Yet, overall outlook will stay bearish as long as 1.5945 resistance holds. Break of 1.5487 minor support will bring retest of 1.5250 low. However, firm break of 1.5945 will suggest that fall from 1.6827 has completed. Stronger rise would then be seen back to 1.6033 resistance turned support and above.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

In the longer term picture rise from 1.1602 (2012 low) could have already completed with three waves up to 1.9799. The development suggests that long term range trading is extending with another medium term down leg. Sustained trading below 55 month EMA (now at 1.5838) now further affirms this case could bring deeper decline to 1.1602/3624 support zone.

Daily Pivots: (S1) 1.5319; (P) 1.5399; (R1) 1.5545; More…

Intraday bias in EUR/AUD is turned neutral for some consolidations first. While stronger rebound cannot be ruled out, outlook will stay bearish as long as 1.5945 resistance holds. Break of 1.5250 will resume the larger down trend from 1.9799.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5230; (P) 1.5303; (R1) 1.5343; More…

Intraday bias in EUR/AUD remains on the downside at this point. Current down trend from 1.9799 is still in progress for target 100% projection of 1.6409 to 1.5591 from 1.5945 at 1.5127 next. On the upside, above 1.5408 minor resistance will turn bias neutral and bring consolidations first, before staging another fall.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5331; (P) 1.5367; (R1) 1.5391; More…

No change in EUR/AUD’s outlook even though downside momentum is diminishing mildly as seen in 4 hour MACD. Current down trend form 1.9799 is still in progress for target 100% projection of 1.6409 to 1.5591 from 1.5945 at 1.5127 next. On the upside, above 1.5408 minor resistance will turn bias neutral and bring consolidations first, before staging another fall.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5330; (P) 1.5371; (R1) 1.5397; More…

EUR/AUD’s decline is still in progress and intraday bias remains on the downside. Current down trend from 1.9799 should target 100% projection of 1.6409 to 1.5591 from 1.5945 at 1.5127 next. On the upside, above 1.5504 minor resistance will turn bias neutral and bring consolidations first, before staging another fall.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5337; (P) 1.5457; (R1) 1.5519; More…

Intraday bias in EUR/AUD remains on the downside at this point. Current down trend from 1.9799 should target 100% projection of 1.6409 to 1.5591 from 1.5945 at 1.5127 next. On the upside, above 1.5504 minor resistance will turn bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

EUR/AUD’s down trend from 1.9799 finally resumed last week and hit as low as 1.5398. 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439 was already taken out. Initial bias stays on the downside this week for 100% projection at 1.5127 next. On the upside, above 1.5504 minor resistance will turn bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6033 support turned resistance holds, even in case of strong rebound.

In the longer term picture rise from 1.1602 (2012 low) could have already completed with three waves up to 1.9799. The development suggests that long term range trading is extending with another medium term down leg. Sustained trading below 55 month EMA (now at 1.5838) now further affirms this case could bring deeper decline to 1.1602/3624 support zone.

Daily Pivots: (S1) 1.5511; (P) 1.5559; (R1) 1.5610; More…

With 1.5634 minor resistance intact, further decline is expected in EUR/AUD to 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. Firm break there will target 100% projection at 1.5127. On the upside, break of 1.5634 minor resistance will turn bias neutral and bring consolidations first. But outlook will stay bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5498; (P) 1.5568; (R1) 1.5604; More…

EUR/AUD’s down trend continues today and intraday bias stays on the downside for 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. Firm break there will target 100% projection at 1.5127. On the upside, break of 1.5634 minor resistance will turn bias neutral and bring consolidations first. But outlook will stay bearish as long as 1.5945 resistance holds.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.5567; (P) 1.5600; (R1) 1.5639; More…

With 1.5706 resistance intact, further decline is expected in EUR/AUD. Current down trend from 1.9799 should target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, above 1.5706 minor resistance will delay the bearish case, and extend the consolidation from 1.5591 with another rise.

In the bigger picture, price actions from 1.9799 are developing into a deep correction, to long term up trend from 1.1602 (2012 low). Deeper fall would be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. Medium term outlook will remain bearish as long as 1.6827 resistance holds, even in case of strong rebound.