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EUR/AUD Each day Outlook


Each day Pivots: (S1) 1.5187; (P) 1.5257; (R1) 1.5345; Extra…

Intraday bias in EUR/AUD stays impartial at this level. For now, additional rally is in favor so long as 1.5047 help holds. Agency break of 1.5416 will carry bigger bullish implication. Subsequent goal is 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. Nonetheless, break of 1.5047 will flip bias again to the draw back for 55 day EMA (now at 1.4866).

Within the larger image, present growth raises the possibility of medium time period bottoming at at 1.4281, on bullish convergence situation in every day MACD. Agency break of 1.5396 will carry stronger rally again to 1.6434 key resistance subsequent. Nonetheless, rejection by 1.5396 will keep medium time period bearishness for an additional fall by 1.4281 at a later stage.

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