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.

Daily Pivots: (S1) 1.6720; (P) 1.6859; (R1) 1.6943; More…

EUR/AUD is staying in consolidation from 1.7126 temporary top and intraday bias remains neutral first. Deeper retreat could be seen but downside should be contained above 1.6593 resistance turned support to bring another rally. 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.

Daily Pivots: (S1) 1.6830; (P) 1.6967; (R1) 1.7102; More…

Intraday bias in EUR/AUD remains neutral for consolidation below 1.7126 temporary top. Downside of retreat should be contained above 1.6593 resistance turned support to bring another rally. 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.

Daily Pivots: (S1) 1.6887; (P) 1.7006; (R1) 1.7136; More…

A temporary top is in place at 1.7126 with 4 hour MACD crossed below signal line. Intraday bias in EUR/AUD is turned neutral for some consolidations. Downside of retreat should be contained above 1.6593 resistance turned support to bring another rally. 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.

Daily Pivots: (S1) 1.6749; (P) 1.6909; (R1) 1.7114; More…

With 1.6827 minor support intact, intraday bias in EUR/AUD remains on the upside for 161.8% projection of 1.5962 to 1.6593 from 1.6085 at 1.7106. Break will target 200% projection at 1.7347 next. On the downside, below 1.6827 minor support will turn intraday bias neutral first. But downside of retreat should be contained by 1.6593 resistance turned support to bring another rally.

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.

EUR/AUD surged to as high as 1.7069 last week and resumed larger up trend from 1.1602. Initial bias remains on the upside for 161.8% projection of 1.5962 to 1.6593 from 1.6085 at 1.7106. Break will target 200% projection at 1.7347 next. On the downside, below 1.6827 minor support will turn intraday bias neutral first. But downside of retreat should be contained by 1.6593 resistance turned support to bring another rally.

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.

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) 1.6657; (P) 1.6701; (R1) 1.6789; More…

EUR/AUD’s rally accelerates to as high as 1.6881 so far and intraday bias remains on the upside. Break of 1.6786 resistance confirms larger up trend resumption. Further rise should be seen to 161.8% projection of 1.5962 to 1.6593 from 1.6085 at 1.7106 next. On the downside, below 1.6703 minor support will turn intraday bias neutral and bring consolidation first, before staging another rally.

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.

Daily Pivots: (S1) 1.6502; (P) 1.6565; (R1) 1.6684; More…

EUR/AUD surges to as high as 1.6663 as rise from 1.5962 resumed. Intraday bias stays on the upside for 100% projection of 1.5962 to 1.6593 from 1.6085 at 1.6716, and then 1.6785 high. On the downside, below 1.6511 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, EUR/AUD is still bounded in established range of 1.5905/6786. Continuos support from 55 week EMA (now at 1.6122) is seen as an indication of medium term bullishness. For now, larger up trend from 1.1602 (2012 low) is still in favor to continue as long as 1.5962 support holds. Break of 1.6786 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488.

Daily Pivots: (S1) 1.6415; (P) 1.6459; (R1) 1.6528; More…

EUR/AUD’s rally extends to as high as 1.6550 so far. Intraday bias remains on the upside for 1.6593 resistance next. Break there will target a test on 1.6786 high. On the downside, below 1.6389 minor support will turn intraday bias neutral first.

In the bigger picture, EUR/AUD is still struggling in established range of 1.5905/6786. And it’s trying to draw support from 55 week EMA (now at 1.6122) again. For now, larger up trend from 1.1602 (2012 low) is still in favor to continue as long as 1.5962 support holds. Break of 1.6786 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488.

Daily Pivots: (S1) 1.6386; (P) 1.6415; (R1) 1.6463; More…

With 1.6288 minor support intact, further rise is in favor in EUR/AUD. Break of 1.6448 resistance will target 1.6593 next. On the downside, break of 1.6288 minor support will turn bias back to the downside for 1.6085 support.

In the bigger picture, EUR/AUD is still struggling in established range of 1.5905/6786. And it’s trying to draw support from 55 week EMA (now at 1.6122) again. For now, larger up trend from 1.1602 (2012 low) is still in favor to continue as long as 1.5962 support holds. Break of 1.6786 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488.

Daily Pivots: (S1) 1.6303; (P) 1.6355; (R1) 1.6421; More…

Intraday bias in EUR/AUD remains on the upside and rebound from 1.6085 is in progress. Break of 1.6448 resistance will target 1.6593 next. On the downside, break of 1.6288 minor support will turn bias back to the downside for 1.6085 support intact.

In the bigger picture, EUR/AUD is still struggling in established range of 1.5905/6786. And it’s trying to draw support from 55 week EMA (now at 1.6122) again. For now, larger up trend from 1.1602 (2012 low) is still in favor to continue as long as 1.5962 support holds. Break of 1.6786 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488.

EUR/AUD’s rebound from 1.6085 extended higher last week and break of 1.6256 support turned resistance suggests that fall from 1.6593 has completed. Initial bias remains mildly on the upside this week for 1.6448 resistance first. Break there will target a test on 1.6593. On the downside, break of 1.6288 minor support will turn bias back to the downside for 1.6085 support intact.

In the bigger picture, EUR/AUD is still struggling in established range of 1.5905/6786. And it’s trying to draw support from 55 week EMA (now at 1.6122) again. For now, larger up trend from 1.1602 (2012 low) is still in favor to continue as long as 1.5962 support holds. Break of 1.6786 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488.

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. However, firm break of 1.5962 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.

Daily Pivots: (S1) 1.6195; (P) 1.6263; (R1) 1.6376; More…

Intraday bias in EUR/AUD remains on the upside for 1.6448 resistance/. Break there will bring retest 1.6593 high. On the downside, below 1.6288 minor support will turn bias to the downside for 1.6085 support instead.

In the bigger picture, EUR/AUD is still struggling in established range of 1.5905/6786. And it’s trying to draw support from 55 week EMA (now at 1.6113) again. For now, larger up trend from 1.1602 (2012 low) is still in favor to continue as long as 1.5962 support holds. Break of 1.6503 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488.