EUR/AUD’s rebound from 1.6134 extended higher last week and the development argues that correction from 1.6785 has completed, after drawing support from 55 D EMA. Further rise is expected this week as long as 1.6356 minor support holds, to retest 1.6785 high. On the downside, however, break of 1.6309 minor support will dampen this view
EURAUD Outlook
Daily Pivots: (S1) 1.6430; (P) 1.6464; (R1) 1.6520; More… Intraday bias in EUR/AUD stays on the upside for the moment. Pull back from 1.6785 should have completed at at 1.6134, after drawing support from 55 D EMA (now at 1.6222). Further rally should be seen to retest 1.6785 high next. On the downside, however, break
Daily Pivots: (S1) 1.6315; (P) 1.6394; (R1) 1.6506; More… Intraday bias in EUR/AUD stays on the upside at this point. Pull back from 1.6785 should have completed at at 1.6134, after drawing support from 55 D EMA (now at 1.6222). Further rally should be seen to retest 1.6785 high next. On the downside, however, break
Daily Pivots: (S1) 1.6246; (P) 1.6278; (R1) 1.6326; More… EUR/AUD’s break of 1.6354 resistance argues that fall from 1.6785 has completed at 1.6134, after drawing support from 55 D EMA (now at 1.6222). Intraday bias is back on the upside for retesting 1.6785 high. On the downside, however, break of 1.6134 will resume the decline
Daily Pivots: (S1) 1.6224; (P) 1.6268; (R1) 1.6299; More… Range trading continues in EUR/AUD and intraday bias remains neutral. Fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of
Daily Pivots: (S1) 1.6206; (P) 1.6242; (R1) 1.6285; More… Intraday bias in EUR/AUD remains neutral at this point. Fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354
EUR/AUD stayed in consolidation above 1.6134 last week and outlook is unchanged. Initial bias stays neutral this week first. Fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of