Daily Pivots: (S1) 1.6054; (P) 1.6085; (R1) 1.6110; More… Intraday bias in EUR/AUD remains on the downside for now, despite some loss of momentum as seen in 4H MACD. Current down trend should target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. On the upside, above 1.6125 minor resistance will turn intraday bias […]
While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as […]
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