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Daily Pivots: (S1) 1.6499; (P) 1.6588; (R1) 1.6633; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. Some consolidations would be seen below 1.6671 temporary top. But further rally will remain in favor as long as 0.6318 support holds. Correction from 1.7062 should have completed with three waves down to 1.6127. Above […]

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24/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6337; (P) 1.6359; (R1) 1.6394; More… Breach of 1.6381 resistance suggests short term bottoming at 1.6211. Intraday bias is back on the upside for recovery to 55 D EMA (now at 1.6411) and above. On the downside, though, below 1.6322 minor support will bring retest of 1.6211 support instead. In the bigger […]
20/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… Intraday bias in EUR/USD remains neutral for consolidation below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 […]
26/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0827; (R1) 1.0852; More… Intraday bias in EUR/USD stays neutral for the moment, with consolidations from 1.0801 extending. Risk will stay on the downside as long as 55 4H EMA (now at 1.0862) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break there will resume […]