fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: EUR/AUD Daily Outlook  Fri Jan 24, 2014 10:18 am | |
|  EUR/AUD Daily Outlook Daily Pivots: (S1) 1.5391; (P) 1.5528; (R1) 1.5757; More..... EUR/AUD rises further to as high as 1.5751 so far today and the strong break of 1.5596 confirmed rally resumption. Intraday bias remains on the upside for 61.8% projection of 1.4050 to 1.5596 from 1.5029 at 1.5984 next. On the downside, break of 1.5507 is needed to signal short term topping. Otherwise, outlook will stay bullish in case of retreat. In the bigger picture, medium term rally from 1.1602 is not completed yet. As long as 1.4050 cluster support holds (38.2% retracement of 1.1602 to 1.5596 at 1.4070), we'd expect another rise to 50% retracement of 2.1127 to 1.1602 at 1.6365 and above. Break of 1.4050 will, however, at least bring deeper correction | |
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