EUR/AUD stayed in consolidation from 1.9799 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of deeper fall, downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8747 minor resistance will turn bias to the upside for retesting 1.9799 high first.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay 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 next target would be the resistance zone between 2.1127 (2008 high) and 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706.

Daily Pivots: (S1) 1.8037; (P) 1.8305; (R1) 1.8486; More…

EUR/AUD is staying in consolidation from 1.9799 and outlook is unchanged. While further fall cannot be ruled out, downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8747 minor resistance will turn bias to the upside for retesting 1.9799 high first.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

No change in EUR/AUD’s outlook as consolidation from 1.9799 is still extending. While further fall cannot be ruled out, downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8747 minor resistance will turn bias to the upside for retesting 1.9799 high first.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7992; (P) 1.8230; (R1) 1.8366; More…

EUR/AUD’s correction from 1.9799 extends lower today and outlook is unchanged. While further fall could be seen, downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8747 minor resistance will turn bias to the upside for retesting 1.9799 high first.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.8284; (P) 1.8518; (R1) 1.8664; More…

EUR/AUD is staying in consolidation from 1.9799 and intraday bias remains neutral first. Deeper pull back could be seen but downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.9799 will resume larger up trend.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.8020; (P) 1.8423; (R1) 1.8836; More…

Intraday in EUR/AUD remains neutral for consolidation below 1.9799. Deeper pull back could be seen but downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.9799 will resume larger up trend.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

EUR/AUD surged to as high as 1.9799 last week, then formed a short term top there and treated. Initial bias stays neutral this week for more consolidations. Downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.9799 will resume larger up trend.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay 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 next target would be the resistance zone between 2.1127 (2008 high) and 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706.

Daily Pivots: (S1) 1.8300; (P) 1.8359; (R1) 1.8462; More…

EUR/AUD’s deep pull back suggests short term topping at 1.9799. Intraday bias is turned neutral for some more consolidations. Downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.9799 will resume larger up trend.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deeper pull back.

Daily Pivots: (S1) 1.8300; (P) 1.8359; (R1) 1.8462; More…

EUR/AUD surges to as high as 1.9799 so far today and there is no sign of topping yet. 1.8619 long term projection target was taken out without any hesitation. Intraday bias remains on the upside for 2.1127 (2008 high) next. On the downside, touching of 1.8820 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619 is already met. Further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high), is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deeper pull back.

Daily Pivots: (S1) 1.7878; (P) 1.8107; (R1) 1.8484; More…

EUR/AUD is losing upside momentum as seen in 4 hour MACD. But further rise is still expected to extend to next medium term fibonacci projection level at 1.8619. On the downside, break of 1.7286 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress for 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. On the downside, break of 1.6085 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7878; (P) 1.8107; (R1) 1.8484; More…

Intraday bias in EUR/AUD remains on the upside for the moment. Current up trend should extend to next medium term fibonacci projection level at 1.8619. On the downside, break of 1.7286 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress for 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. On the downside, break of 1.6085 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7703; (P) 1.7907; (R1) 1.8174; More…

EUR/AUD’s up trend is still in progress and intraday bias stays on the upside. Current rise should target next medium term fibonacci projection level at 1.8619. On the downside, break of 1.7286 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress for 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. On the downside, break of 1.6085 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pull back.

EUR/AUD’s up trend continued last week. Disregarding the initial spike, it still reached as high as 1.8109. Initial bias remains on the upside this week. Current up trend should target next medium term fibonacci projection level at 1.8619. On the downside, break of 1.7286 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress for 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. On the downside, break of 1.6085 support is needed to indicate medium term topping. Otherwise, outlook will stay 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 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. Sustained break there will pave the way to retest 2.1127 (2008 high).

Daily Pivots: (S1) 1.7509; (P) 1.7748; (R1) 1.8155; More…

Intraday bias in EUR/AUD remains on the upside at this point. Current rally is part of larger up trend with next medium term target at 1.8619 fibonacci level. Though, break of 1.7286 support will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirms medium term bullishness. Current up trend should now target 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. In any case, outlook will remain bullish as long as 1.5906 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.7287; (P) 1.7384; (R1) 1.7481; More…

Outlook in EUR/AUD remains bullish with 1.6774 support intact. Current rally is part of larger up trend with next medium term target at 1.8619 fibonacci level. Though, break of 1.6774 will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirms medium term bullishness. Current up trend should now target 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. In any case, outlook will remain bullish as long as 1.5906 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.7216; (P) 1.7375; (R1) 1.7516; More…

With 1.6774 support intact, outlook in EUR/ADU remains bullish for further rise. Current rally is part of larger up trend with next medium term target at 1.8619 fibonacci level. Though, break of 1.6774 will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirms medium term bullishness. Current up trend should now target 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. In any case, outlook will remain bullish as long as 1.5906 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.6902; (P) 1.7559; (R1) 1.8029; More…

No change in EUR/AUD’s outlook. Outlook remains bullish as long as 1.6774 support holds. Current rally is part of larger up trend with next medium term target at 1.8619. Though, break of 1.6774 will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirms medium term bullishness. Current up trend should now target 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. In any case, outlook will remain bullish as long as 1.5906 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.6912; (P) 1.7011; (R1) 1.7091; More…

EUR/AUD spikes higher to 1.82003 today and retreats then. Intraday bias remains on the upside for next medium term target at 1.8619. While some more volatility could be seen and deeper treat cannot be ruled out, outlook will remain bullish as long as 1.6774 support holds.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirms medium term bullishness. Current up trend should now target 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619. In any case, outlook will remain bullish as long as 1.5906 support holds, in case of deep pull back.

EUR/AUD edged higher to 1.7126 last week but turned into consolidation. Initial bias remains neutral this week first. Another retreat cannot be ruled out. But downside should be contained above 1.6593 resistance turned support to bring rally resumption. On the upside, break of 1.7126 will target 200% projection of 1.5962 to 1.6593 from 1.6085 at 1.7347 next.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirms medium term bullishness. 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 is next target. For now, outlook will remain bullish as long as 1.5906 support holds, 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 1.5962 remains intact. Break of 1.7488 will target 100% projection of 1.1602 to 1.6597 from 1.3524 at 1.8619.

Daily Pivots: (S1) 1.6839; (P) 1.6929; (R1) 1.7079; More…

Intraday bias in EUR/AUD remains neutral as it’s staying in consolidation from 1.7126. Another fall cannot be ruled out. but downside should be contained above 1.6593 resistance turned support to bring rally resumption. On the upside, break of 1.7126 will target 200% projection of 1.5962 to 1.6593 from 1.6085 at 1.7347 next.

In the bigger picture, up trend from 1.1602 (2012 low) has just resumed and persistent strong support from 55 week EMA affirm medium term bullishness. 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 is next target. For now, outlook will remain bullish as long as 1.5906 support holds, in case of retreat.