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Daily Pivots: (S1) 1.6238; (P) 1.6320; (R1) 1.6377; More… Further rally remains mildly in favor in EUR/AUD, as rebound from 1.6127 short term bottom would target 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume the corrective fall […]

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21/07/2024

EUR/USD Weekly Outlook

EUR/USD edged higher to 1.0947 last week but retreated since then. Initial bias remains neutral this week first, and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, firm break of 1.0871 will turn bias to […]
18/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0626; (P) 1.0653; (R1) 1.0700; More… EUR/USD is staying in consolidation from 1.0601 and intraday bias stays neutral. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection of 1.1138 to […]
18/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6199; (P) 1.6232; (R1) 1.6289; More… EUR/AUD’s break of 1.6211 support turned resistance indicates short term bottoming at 1.5996. More importantly, correction from 1.7062 might have completed with three waves down to 1.5996, after hitting 1.6000 fibonacci support. Intraday bias is back on the upside for 1.6418 resistance. Firm break there will […]