Daily Pivots: (S1) 1.6112; (P) 1.6128; (R1) 1.6158; More…

Intraday bias in EUR/AUD remains neutral first. Further fall is in favor as long as 1.6256 support turned resistance holds. Break of 1.6085 will extend the decline from 1.6593 to 1.5962 support. Nevertheless, firm break of 1.6256 will turn bias to the upside for 1.6448 resistance.

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.

Daily Pivots: (S1) 1.6097; (P) 1.6132; (R1) 1.6165; More…

Intraday bias in EUR/AUD remains neutral for the moment and some consolidation could be seen above 1.6085 temporary low. Further decline is expected as long as 1.6256 support turned resistance holds. Below 1.6085 will target a test on 1.5962 support. Nevertheless, firm break of 1.6256 will turn bias to the upside for 1.6448 resistance.

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.

EUR/AUD’s decline from 1.6593 resumed last week, through 1.6256 support to as low as 1.6085. As a temporary low was formed, initial bias is neutral this week first. But further fall is in favor as long as 1.6256 support turned resistance holds. Below 1.6085 will target a test on 1.5962 support. Nevertheless, firm break of 1.6256 will turn bias to the upside for 1.6448 resistance.

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.

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) 1.6075; (P) 1.6144; (R1) 1.6201; More…

EUR/AUD’s fall from 1.6593 is still in progress. With 1.6106 support broken, intraday bias stays on the downside for retesting 1.5962 low next. On the upside, above 1.6212 minor resistance will turn bias back to the upside for recovery instead.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6089; (P) 1.6178; (R1) 1.6226; More…

Intraday bias in EUR/AUD stays on the downside for the moment. Fall from 1.6593 is in progress for 1.6106 support next. Break will bring focus back to 1.5962 low. On the upside above 1.6284 minor resistance will turn bias back to the upside for 1.6448 instead.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6206; (P) 1.6267; (R1) 1.6320; More…

Intraday bias in EUR/AUD remains on the downside. Fall from 1.6593 is in progress for 1.6106 support next. Break will bring focus back to 1.5962 low. On the upside above 1.6448 resistance will turn bias back to the upside for 1.6593 resistance instead.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6287; (P) 1.6356; (R1) 1.6390; More…

EUR/AUD’s decline from 1.6593 resumes and hit as low as 1.6235 so far. Intraday bias is back on the downside or 1.6106 support next. Break will bring focus back to 1.5962 low. On the upside above 1.6448 resistance will turn bias back to the upside for 1.6593 resistance instead.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6312; (P) 1.6380; (R1) 1.6460; More…

Intraday bias in EUR/AUD is turned neutral for the moment, with today’s retreat. On the upside, break of 1.6593 resistance will resume whole rise from 1.5962 for 1.6786 high next. On the downside, break of 1.6256 will target 1.6106 support and possibly below.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

EUR/AUD’s pull back last week was deeper than expected. But subsequent rebound and break of 1.6423 minor resistance retains near term bullishness. Initial bias is now back on the upside this week for 1.6593 resistance first. Break there will resume whole rise from 1.5962 for 1.6786 high next. On the downside, break of 1.6256 will target 1.6106 support and possibly below.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

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) 1.6273; (P) 1.6299; (R1) 1.6341; More…

With 1.6423 minor resistance intact, further fall is mildly in favor in EUR/AUD. Rise form 1.5962 could have completed with three waves up to 1.6593. Recent sideway pattern from 1.6786 is extending with another falling leg. Further fall would be seen to 1.6106 support. Break will target 1.5962. On the upside, above 1.6423 minor resistance will turn bias to the upside for 1.6593.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6237; (P) 1.6330; (R1) 1.6397; More…

EUR/AUD’s break of 1.6294 resistance turned support argues that rise from 1.5962 has completed with three waves up to 1.6593. Recent sideway pattern from 1.6786 is extend with another falling leg. Intraday bias is back on the downside for 1.6106 support. Break will target 1.5962. On the upside, above 1.6423 minor resistance will turn bias to the upside for 1.6593.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6328; (P) 1.6444; (R1) 1.6505; More…

EUR/AUD remains in consolidation form 1.6593 and intraday bias stays neutral. Downside of consolidation should be contained above 1.6294 resistance turned support to bring rise resumption. On the upside, break of 1.6593 will extend whole rally from 1.5962 to retest 1.6786 high.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6468; (P) 1.6531; (R1) 1.6592; More…

A temporary top is formed at 1.6593 in EUR/AUD with the current retreat. Intraday bias is turned neutral first. Downside of consolidation should be contained above 1.6294 resistance turned support to bring rise resumption. On the upside, break of 1.6593 will extend whole rally from 1.5962 to retest 1.6786 high.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

Daily Pivots: (S1) 1.6459; (P) 1.6527; (R1) 1.6659; More…

Intraday bias in EUR/AUD remains on the upside at this point. Current rise from 1.5962 should target 1.6786 high. On the downside, below 1.6469 minor support will turn intraday bias neutral and bring consolidation. But retreat should be contained above 1.6294 resistance turned support to bring rise resumption.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

EUR/AUD’s raise from 1.5962 accelerated to as high as 1.6593 last week. Initial bias remains on the upside this week for retesting 1.6786 high. On the downside, below 1.6469 minor support will turn intraday bias neutral and bring consolidation. But retreat should be contained above 1.6294 resistance turned support to bring rise resumption.

In the bigger picture, EUR/AUD drew support from 55 week EMA and rebounded strongly again. The development indicates that up trend from 1.1602 (2012 low) is still in progress. Further rise should be seen to 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. This will remain the favored case as long as 1.5962 support holds.

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 1.5894 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) 1.6318; (P) 1.6394; (R1) 1.6485; More…

Intraday bias in EUR/AUD remains on the upside as rise form 1.5962 is in progress. With 1.6432 resistance taken out, next target is 1.6786 high. On the downside, break of 1.6250 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6082) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6259; (P) 1.6296; (R1) 1.6341; More…

EUR/AUD’s rally resumes after brief consolidation and intraday bias is back on the upside for 1.6432 resistance. Decisive break there will pave the way to retest 1.6785 high. On the downside, break of 1.6250 minor support will turn intraday bias neutral again.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6082) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6269; (P) 1.6312; (R1) 1.6343; More…

A temporary top is formed at 1.6356 in EUR/AUD and intraday bias is turned neutral first. Downside of retreat should be contained above 1.6106 support to bring another rise. On the upside, above 1.6356 will target 1.6432 resistance first. Break there will pave the way to retest 1.6785 high.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6082) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6211; (P) 1.6263; (R1) 1.6352; More…

EUR/AUD’s break of 1.6294 resistance suggests resumption of rise from 1.5962. Intraday bias is back on the upside for 1.6432 resistance first. Break there will pave the way to retest 1.6785 high. On the downside, break of 1.6106 support is now needed to confirm completion of the current rally. Otherwise, near term outlook will remain bullish in case of retreat.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6082) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6114; (P) 1.6147; (R1) 1.6187; More…

EUR/AUD’s consolidation pattern from 1.6294 is still unfolding and intraday bias remains neutral. In case of deeper pull back, downside should be contained above 1.5962 support to bring rebound. On the upside, break of 1.6314 will re-affirm medium term bullishness and target 1.6432 next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6082) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.