Eur/Aud

[misqeq]

Near term outlook in EUR/AUD remains bearish with 1.1855 resistance intact. Current down trend should extend to next projection level at 1.1352. Note that we're seeing bullish divergence condition in 4 hours MACD, and EUR/AUD could find some support at 1.1352 and rebound. Though, break of 1.1855 will indicate short term bottoming and bring stronger rebound.

In the bigger picture, down trend from 2.1127 (2008 high) is still in progress. Sustained break of 1.2 psychological level should now pave the way to 100% projection of 1.3808 to 1.2132 from 1.3028 at 1.1352 next. On the upside, break of 1.3028 resistance is needed to be the first signal of medium term bottoming. Otherwise, we'll stay bearish even in case of strong rebound.

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 1.1730

alternative scenario

the pair can move down to test the 1st support on 1.1650

[hmkowsar]

the four hour chart shows a double bottom that helped the eur /aud rally since reteating the lows of the 1.2900 area .

[misqeq]

Intraday bias in EUR/AUD remains on the downside for the moment and current fall is still in progress for next projection level at 1.1352. Note that we're seeing bullish divergence condition in 4 hours MACD, and EUR/AUD could find some support at 1.1352 and rebound. As for now, break of 1.1855 resistance is needed to signal short term bottoming. Or, we'll stay bearish even in case of recovery.

In the bigger picture, down trend from 2.1127 (2008 high) is still in progress. Sustained break of 1.2 psychological level should now pave the way to 100% projection of 1.3808 to 1.2132 from 1.3028 at 1.1352 next. On the upside, break of 1.3028 resistance is needed to be the first signal of medium term bottoming. Otherwise, we'll stay bearish even in case of strong rebound.

[expert]

Truly, the EURAUD trend till now still bearish. On my see - the nice idea is to search for Sell OP again on smaller time frame Look that price on yesterday was can break that strong support at price 1.1693. And till now still on nice Red line (on long time). So, yes, Search for Sell OP again better.

[Marki]

steam steadily stronger below 1700 figures and was able to make at least another year, a strong trend, I have not seen, you can forget about buying, now with the resumption of the fall will again sell.

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 1.1730

alternative scenario

the pair can move down to test the 1st support on 1.1650

[feri_forex]

hmm,,, I am waiting for a signal from eur eur ... not to fall back too damaged for traded
I hope there is improvement in the news tomorrow .. I have long waited for a signal to buy a good, .. but it did not come .. good chance .. hopefully down the trand canceled ..
regards profit ..

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 1.1760

alternative scenario

the pair can move down to test the 1st support on 1.1730

[sammy]

eur/aud is recovering the losses. a few weeks earlier the pair hitted the rock bottom and it was the lowest of all times. so the retracement or reversal whatever was inevitable for this pair.