EUR/AUD’s down trend is resuming by breaking 1.5951 support. Intraday bias is back on the downside for 100% projection of 1.6334 to 1.5951 from 1.6264 at 1.5881. Firm break there will target 161.8% projection at 1.5644. On the upside, above 1.6004 minor resistance will turn intraday bias neutral again first. In the bigger picture, down […]
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The RBA does not want to promise what it will do, but it is increasingly trying to tell us what it thinks. Central banks’ communication is carefully scrutinised for every nuance. Lately, there seems to Read more…
Eurozone private-sector growth moderated in October, with PMI Composite falling from 53.1 to 51.9, its lowest level in four months. PMI Manufacturing eased from 52.9 to 52.4, while PMI Services declined from 53.0 to 51.7, Read more…
No change in EUR/USD’s outlook as range trading continues. Intraday bias remains neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, Read more…