fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: EUR/AUD Daily Outlook  Wed Jun 26, 2013 12:29 pm | |
|  EUR/AUD Daily Outlook Daily Pivots: (S1) 1.4079; (P) 1.4167; (R1) 1.4225; More..... No change in EUR/AUD's outlook. With 1.4005 minor support intact, near term outlook stays bullish and further rally is expected. Above 1.4414 will target 161.8% projection of 1.1602 to 1.3189 from 1.2218 at 1.4786. However, considering bearish divergence condition in 4 hours MACD, some resistance might be seen there to bring consolidation first. Meanwhile, break of 1.4005 will indicate short term topping and bring deeper pull back. In the bigger picture, the rise from 1.1602 medium term bottom is still in progress and would target 38.2% retracement of 2.1127 to 1.1602 at 1.5241 next. On the downside, break of 1.3189 resistance turned support is needed to be the first sign of reversal. Otherwise, outlook will stay bullish. | |
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