Daily Pivots: (S1) 1.6627; (P) 1.6661; (R1) 1.6717; More… Intraday bias in EUR/AUD remains neutral as consolidations continue below 1.6712. Deeper retreat could be seen, but downside should be contained by 55 4H EMA (now at 1.6553. On the upside, break of 1.6712 will resume the rally from 1.5693 to retest 1.7180 high next. In […]

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EUR/AUD’s rally from 1.5963 continued last week and the break of 1.6598 resistance confirmed that correction from 1.7180 has already completed, after defending 1.5995 key support. But as a temporary top was formed at 1.6712, initial bias stays neutral for consolidations first. On the upside, break of 1.6712 will resume the rally from 1.5693 to […]

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Daily Pivots: (S1) 1.6547; (P) 1.6631; (R1) 1.6696; More… Breach of 1.6579 minor support suggests temporary topping at 1.6712 and intraday bias in EUR/AUD is turned neutral. Some consolidations would be seen first. On the upside, break of 1.6712 will resume the rally from 1.5693 to retest 1.7180 high next. In the bigger picture, EUR/AUD […]

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Daily Pivots: (S1) 1.6567; (P) 1.6620; (R1) 1.6700; More… Intraday bias in EUR/AUD remains on the upside for the moment. Rise from 1.5963 should target a retest on 1.7180 high next. On the downside, below 1.6579 minor support will turn intraday bias neutral and bring consolidations, before staging another rise. In the bigger picture, EUR/AUD […]

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Daily Pivots: (S1) 1.6504; (P) 1.6542; (R1) 1.6597; More… EUR/AUD’s rally resumed and the break of 1.6598 resistance confirms that fall from 1.7180 has completed with three waves down to 1.5963. Intraday bias is back on the upside. Further rally should be seen to retest 1.7180 high. On the downside, below 1.6485 minor support will […]

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Daily Pivots: (S1) 1.6476; (P) 1.6503; (R1) 1.6529; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to 1.5963. Further rise should then be seen to retest 1.7180 next. Nevertheless, sustained break […]

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Daily Pivots: (S1) 1.6434; (P) 1.6477; (R1) 1.6554; More… EUR/AUD is staying in range trading and intraday bias stays neutral. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to 1.5963. Further rise should then be seen to retest 1.7180 next. Nevertheless, sustained […]

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EUR/AUD’s rally from 1.5963 extend further to 1.6573 last week but failed to break through 1.6598 resistance and turned sideway. Initial bias remains neutral this week first, and further rally is in favor. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to […]

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Daily Pivots: (S1) 1.6368; (P) 1.6429; (R1) 1.6496; More… Intraday bias in EUR/AUD stays neutral and more consolidations could be seen. But further rally remains in favor as long as 1.6349 support holds. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to […]

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Daily Pivots: (S1) 1.6436; (P) 1.6506; (R1) 1.6551; More… Intraday bias in EUR/AUD is turned neutral again with current retreat. But further rally remains in favor as long as 1.6349 support holds. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to 1.5963. […]

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Daily Pivots: (S1) 1.6410; (P) 1.6475; (R1) 1.6571; More… EUR/AUD’s rally from 1.5963 is resuming by breaching 1.6559. Intraday bias is back on the upside. Firm break of 1.6598 resistance will confirm that whole fall from 1.7180 has complete with three waves down to 1.5963, and target a test on 1.7180 next. For now, further […]

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Daily Pivots: (S1) 1.6316; (P) 1.6422; (R1) 1.6492; More… Intraday bias in EUR/AUD remains neutral first, and further rally is expected as long as 1.6305 resistance turned support holds. Above 1.6559 will resume the rise from 1.5963 to 1.6598 key resistance. Decisive break there will confirm that whole fall from 1.7180 has complete with three […]

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Daily Pivots: (S1) 1.6433; (P) 1.6498; (R1) 1.6603; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. Some consolidations would be seen below 1.6559. But further rally is expected as long as 1.6305 resistance turned support holds. Above 1.6559 will resume the rise from 1.5963 to 1.6598 key resistance. Decisive break there […]

The post EUR/AUD Daily Outlook appeared first on Action Forex.

EUR/AUD’s strong rally last week argues that the near term trend might be reversing. Initial bias stays on the upside this week for 1.6598 resistance first. Decisive break there will confirm that whole fall from 1.7180 has complete with three waves down to 1.5963, and target a test on 1.7180 next. On the downside, break […]

The post EUR/AUD Weekly Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.6351; (P) 1.6392; (R1) 1.6448; More… Intraday bias in EUR/AUD remains on the upside for the moment. Fall from 1.7180 could have completed at 1.5963, after defending 1.5996 key support. Further rise should be seen to 1.6598 resistance first. Firm break there will strengthen this bullish case and target a retest on […]

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Daily Pivots: (S1) 1.6231; (P) 1.6312; (R1) 1.6426; More… The break of 1.6359 resistance in EUR/AUD is tentatively taken as a the first sign of near term bullish reversal. Intraday bias now mildly on the upside for 1.6598 resistance. Firm break there will confirm successful defense of 1.5996 support and bring further rally. Nevertheless, break […]

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Daily Pivots: (S1) 1.6164; (P) 1.6208; (R1) 1.6247; More… Immediate focus is now on 1.6359 resistance in EUR/AUD as rebound from 1.5963 resumes today. Firm break there will be the first sign of bullish trend reversal, after successfully defending 1.5996 key support level. Further rally should then be seen to 1.6598 resistance for confirmation. Nevertheless, […]

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Daily Pivots: (S1) 1.6162; (P) 1.6207; (R1) 1.6254; More… Intraday bias in EUR/AUD stays neutral at this point. On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal and target 1.6598 resistance for confirmation. On the downside, though, below 1.6125 minor support will bring retest of 1.5963 low. In […]

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Daily Pivots: (S1) 1.6200; (P) 1.6229; (R1) 1.6270; More… Outlook in EUR/AUD is unchanged and intraday bias stays neutral. On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal and target 1.6598 resistance for confirmation. On the downside, though, below 1.6125 minor support will bring retest of 1.5963 low. […]

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Daily Pivots: (S1) 1.6198; (P) 1.6241; (R1) 1.6282; More… Intraday bias in EUR/AUD remains neutral for the moment, and outlook is unchanged. . On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal and target 1.6598 resistance for confirmation. On the downside, though, below 1.6125 minor support will bring […]

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