Birmingham , UK

EUR/AUD Day by day Outlook


Day by day Pivots: (S1) 1.4962; (P) 1.5045; (R1) 1.5180; Extra…

EUR/AUD’s rally from 1.4281 is extending and intraday bias stays on the upside. Agency break of 61.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5139 will goal 100% projection at 1.5400, which is near 1.5396 key resistance. On the draw back, break of 1.4716 assist is required to point completion of the rebound. In any other case, additional rise will stay in favor in case of retreat.

Within the larger image, down development from 1.9799 remains to be in progress. Break of 1.4318 low will goal 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is near 1.3624 long run assist (2017 low). This may stay the favored case now so long as 1.5396 resistance holds.

Leave a comment