EUR/AUD stayed in range of 1.6231/6601 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected with 1.6231 support intact. Firm break of 1.6601 will solidify the case that corrective fall from 1.6785 has completed, and target a retest on this high next. In the bigger picture, with
EURAUD Outlook
Daily Pivots: (S1) 1.6292; (P) 1.6351; (R1) 1.6422; More… Sideway trading continues in EUR/AUD and intraday bias remains neutral at this point. With 1.6231 support intact, further rally is expected. On the upside, break of 1.6601 will resume the rebound from 1.5846 and target 1.6785 high next. However, firm break of 1.6231 will bring deeper
EUR/AUD dipped to 1.6231 last week but quickly rebounded after drawing support from 1.6247. Initial bias stays neutral first and outlook remains mildly bullish. Correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest on 1.6785 high next. Nevertheless, on the downside, firm break of 1.6231 will
Daily Pivots: (S1) 1.6216; (P) 1.6315; (R1) 1.6396; More… Intraday bias in EUR/AUD stays neutral for the moment as range trading continues. With 1.6247 support intact, further rally is expected. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest on 1.6785 high next.
Daily Pivots: (S1) 1.6337; (P) 1.6418; (R1) 1.6482; More… EUR/AUD is staying in range below 1.6552 and intraday bias remains neutral first. With 1.6247 support intact, further rally is expected. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest on 1.6785 high next.
Daily Pivots: (S1) 1.6436; (P) 1.6479; (R1) 1.6508; More… Intraday bias in EUR/AUD remains neutral at this point. With 1.6247 support intact, further rally is expected. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest on 1.6785 high next. Nevertheless, on the downside
Daily Pivots: (S1) 1.6397; (P) 1.6462; (R1) 1.6545; More… EUR/AUD is staying in range below 1.6552 and intraday bias remains neutral. With 1.6247 support intact, further rally is expected. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6552 will target a retest on 1.6785 high next. Nevertheless