Daily Pivots: (S1) 1.6157; (P) 1.6255; (R1) 1.6305; More…

EUR/AUD is still bounded in consolidation form 1.6033 and intraday bias remains neutral first. Outlook stays bearish as long as 1.6585 resistance holds. On the downside, break of 1.6033 will resume the whole fall from 1.9799, towards long term EMA at 1.5792. Nevertheless, on the upside, break of 1.6585 resistance should confirm short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5792). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6221; (P) 1.6279; (R1) 1.6382; More…

Intraday bias in EUR/AUD remains neural as consolidation from 1.6033 is still extending. Outlook stays bearish as long as 1.6585 resistance holds. On the downside, break of 1.6033 will resume the whole fall from 1.9799, towards long term EMA at 1.5792. Nevertheless, on the upside, break of 1.6585 resistance should confirm short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5792). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6215; (P) 1.6245; (R1) 1.6263; More…

Consolidation from 1.6033 is still in progress and intraday bias remains neutral for more range trading. Outlook stays bearish as long as 1.6585 resistance holds. On the downside, break of 1.6033 will resume the whole fall from 1.9799, towards long term EMA at 1.5792. Nevertheless, on the upside, break of 1.6585 resistance should confirm short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5792). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6212; (P) 1.6270; (R1) 1.6309; More…

EUR/AUD is still bounded in consolidation from 1.6033 and intraday bias remains neutral. More rang trading could be seen. But outlook stays bearish as long as 1.6585 resistance holds. On the downside, break of 1.6033 will resume the whole fall from 1.9799, towards long term EMA at 1.5792. Nevertheless, on the upside, break of 1.6585 resistance should confirm short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5792). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

EUR/AUD stayed in consolidation from 1.6033 last week and outlook is unchanged. Initial bias stays neutral this week first and more range trading could be seen. Overall, outlook will remain bearish for another decline as long as 1.6586 resistance holds. Break of 1.6033 will resume the whole fall from 1.9799, towards long term EMA at 1.5792. Nevertheless, on the upside, break of 1.6585 resistance should confirm short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5792). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

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 1.5792) will further affirm this case and target 1.1602/3624 support zone.

Daily Pivots: (S1) 1.6185; (P) 1.6249; (R1) 1.6359; More…

Breach of 1.6299 minor resistance suggests that consolidation from 1.6033 is starting another rising leg. But after all, outlook stays bearish as long as 1.6586 resistance holds. . On the downside, firm break of 1.6033 will confirm resumption of whole fall from 1.9799. Deeper fall would then be seen to long term EMA at 1.5790.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5790). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6128; (P) 1.6171; (R1) 1.6200; More…

Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Consolidation from 1.6033 might extend further. Above 1.6299 minor resistance might bring another recovery. But outlook stays bearish as long as 1.6586 resistance holds. . On the downside, firm break of 1.6033 will confirm resumption of whole fall from 1.9799. Deeper fall would then be seen to long term EMA at 1.5790.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5790). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6122; (P) 1.6185; (R1) 1.6216; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6033 might extend further. Above 1.6299 minor resistance might bring another recovery. But outlook stays bearish as long as 1.6586 resistance holds. . On the downside, firm break of 1.6033 will confirm resumption of whole fall from 1.9799. Deeper fall would then be seen to long term EMA at 1.5790.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5790). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6146; (P) 1.6185; (R1) 1.6219; More…

Consolidation from 1.6033 is still in progress and intraday bias in EUR/AUD remains neutral first. Above 1.6299 minor resistance might bring another recovery. But outlook stays bearish as long as 1.6586 resistance holds. . On the downside, firm break of 1.6033 will confirm resumption of whole fall from 1.9799. Deeper fall would then be seen to long term EMA at 1.5790.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5790). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

Daily Pivots: (S1) 1.6116; (P) 1.6207; (R1) 1.6254; More…

Intraday bias in EUR/AUD remains neutral first as consolidation from 1.6033 might extend. On the downside, firm break of 1.6033 will confirm resumption of whole fall from 1.9799. Deeper fall would then be seen to long term EMA at 1.5774. On the upside, break of 1.6586 resistance is needed to indicate reversal, otherwise, outlook will remain bearish in case of another recovery..

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5774). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

EUR/AUD was rejected by 1.6586 resistance last and dropped sharply since then. Though, it’s staying well above 1.6033 support. Initial bias remains neutral this week and some more consolidations could still be seen. On the downside, firm break of 1.6033 will confirm resumption of whole fall from 1.9799. Deeper fall would then be seen to long term EMA at 1.5774. On the upside, break of 1.6586 resistance is needed to indicate reversal, otherwise, outlook will remain bearish in case of another recovery.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 55 month EMA (now at 1.5774). Sustained break there will pave the way to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.6586 resistance holds.

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 1.5774) will further affirm this case and target 1.1602/3624 support zone.

Daily Pivots: (S1) 1.6253; (P) 1.6310; (R1) 1.6344; More…

EUR/AUD drops further today but it’s staying in range above 1.6033 after all. Intraday bias remains neutral first and more consolidations could be seem. As long as 1.6586 resistance holds, further decline and break of 1.6033 remains in favor. However, on the upside, sustained break of 1.6585 will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6305; (P) 1.6382; (R1) 1.6427; More…

EUR/AUD drops notably today but stays in range above 1.6033. Intraday bias remains neutral first and more consolidations could be seem. As long as 1.6586 resistance holds, further decline and break of 1.6033 remains in favor. However, on the upside, sustained break of 1.6585 will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6417; (P) 1.6469; (R1) 1.6501; More…

EUR/AUD failed to break through 1.6586 resistance as consolidation from 1.6033 extends. Intraday bias remains neutral first. As long as 1.6586 resistance holds, further decline and break of 1.6033 remains in favor. However, on the upside, sustained break of 1.6585 will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6432; (P) 1.6464; (R1) 1.6490; More…

Intraday bias in EUR/AUD remains neutral as range trading continues. As long as 1.6586 resistance holds, further decline and break of 1.6033 remains in favor. However, on the upside, sustained break of 1.6585 will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6425; (P) 1.6465; (R1) 1.6517; More…

Sideway consolidations continue in EUR/AUD and intraday bias remains neutral at this point. As long as 1.6586 resistance holds, further decline and break of 1.6033 remains in favor. However, on the upside, sustained break of 1.6585 will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

EUR/AUD continued to stay in range trading above 1.6033 last week and outlook is unchanged. Initial bias remains neutral this week first. As long as 1.6586 resistance holds, further decline and break of 1.6033 remains in favor. However, on the upside, sustained break of 1.6585 will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

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 1.5785) will further affirm this case and target 1.1602/3624 support zone.

Daily Pivots: (S1) 1.6454; (P) 1.6502; (R1) 1.6536; More…

Intraday bias in EUR/AUD stays neutral as consolidation from 1.6033 is still extending. As long as 1.6586 resistance holds, we’d still expect larger fall from 1.9799 to extent through 1.6033. However, firm break of 1.6586 should will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6430; (P) 1.6464; (R1) 1.6512; More…

Intraday bias in EUR/AUD remains neutral as range trading continues. As long as 1.6586 resistance holds, we’d still expect larger fall from 1.9799 to extent through 1.6033. However, firm break of 1.6586 should will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.

Daily Pivots: (S1) 1.6432; (P) 1.6481; (R1) 1.6523; More…

EUR/AUD is staying in consolidation from 1.6033 and intraday bias remains neutral. As long as 1.6772 resistance holds, further decline is expected. On the downside, firm break of 1.6033 will resume the decline from 1.9799 for next support level at 1.5346. On the upside, however, break of 1.6772 resistance will confirm short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, whole up trend from 1.1602 (2012 low) might have completed at 1.9799. Deeper fall could be seen to 61.8% retracement of 1.1602 to 1.9799 at 1.4733. This will remain the preferred case now as long as 1.7194 resistance holds.