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EURAUD still bullish aiming 1.6000 and above

General outlook for the pair:
  • The pair moved in the last weeks between 1.5550 and 1.5950.
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Aussie did well last week but closed off highs, NAB Business Confidence 4 VS last at 7, Westpac Consumer Sentiment -3.0% VS -2.3%, Employment Change +44.0K VS +16.5K expected, Unemployment Rate stayed at 5.3% as expected, next week focus will be on Monetary Policy Meeting Minutes, HPI q/q and RBA Assist Gov Kent Speaks.

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1.6250 sill hard to break above, still wait to sell from current levels but 1.6000 still to hold...

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EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

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Aussie performed the best last week, HPI q/q came at -0.7% as expected, MI Leading Index m/m +0.1% Vs last 0.0%, Monetary Policy Meeting Minutes warned about trade wars between US and its partners, next week with light data includes Private Sector Credit m/m.

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as expected pair felt to 1.6000 and then recovered slightly, still see the pair to range from 1.6000 to 1.6250 in the next days.

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EURAUD still bullish aiming 1.6000

General outlook for the pair:
  • The pair moved in the last weeks between 1.5650 and 1.5900.
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EUR benefited last week from strong EU Manufacturing and Services data, Confidence data the best in months, next week, calendar with light data, so still expect more strength for EUR pairs.

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False break out below 1.5700 then close above it, means more up move is coming...

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AUD made strong recovery after New prime chosen last Friday... but will this continue...

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EUR peformed mixed VS majors last week, German Ifo Business Climate 103.8 Vs 101.9 expected, German Prelim CPI m/m +0.1% as expected, German Retail Sales m/m -0.4% VS -0.1% expected and CPI Flash Estimate y/y 2.0% VS 2.1% expected, next week focus will be on German Buba President Weidmann Speaks and several Manufacturing and Services PMIS, in other hand,
Aussie performed the worst last week, Private Capital Expenditure q/q -2.5% VS +0.6% expected, Building Approvals m/m -5.2% VS -2.2% expected,next week focus will be on Retail Sales m/m, RBA Rate Statement, GDP q/q and Trade Balance.

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Pair hit target and quickly jumped above it, still bullish but may calm in the next few days.

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EURAUD to close around 1.6000 next month

General outlook for the pair:
  • The pair moved in the last weeks between 1.5300 and 1.5800.
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Pair is moving up slowly capped below 1.5900 and found demand above 1.5700, but any way still bullish.

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EUR performed well last week, Sentix Investor Confidence 12.1 VS 9.0 expected, German ZEW Economic Sentiment -24.7 VS -17.9 expected, next week focus will be on Trade Balance and Final CPI y/y, in other hand, Aussie performed so well last week, NAB Business Confidence 6.0 VS 7.0 last, next week focus will be on Monetary Policy Meeting Minutes, Employment Change and Unemployment Rate.

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Still capped by 1.5900 but seemed some bearish momentum last week, 1.5550 should provide support for the pair.

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EUR performed well but in narrow pace last week, Trade Balance +16.9B VS 17.6B, Final CPI y/y +2.0% as expected, German PPI m/m +0.3% as expected, next week focus will be on Flash Manufacturing PMI, Flash Services PMI, German Ifo Business Climate, M3 Money Supply y/y and ECB Rate and Conference, in other hand, Aussie recovered most of its losses and closed week near to opening, Employment Change 50.9K VS 16.7K, Unemployment Rate 5.4% as expected, next week focus will be on CPI q/q.

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Pair still play in the same range of last week, still need break up to confirm expected bullish scenario.

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EURAUD to bottom and will rocover to 1.5800

General outlook for the pair:
  • The pair moved in the last weeks between 1.6000 and 1.5400.
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bottomed around 1.5300 and jumped to 1.5700 before closing around 1.5600, still bullish.

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EUR performed well last week, EU Flash Manufacturing PMI 55.0 as expected, EU Flash Services PMI 55.0 VS 53.7 expected, next week focus will be on German Ifo Business Climate, M3 Money Supply y/y and EU CPI Flash Estimate y/y, in other hand, Aussie continued losses but recovered most of its week losses, Suddenly, the RBA is not so sure the next move in the cash rate will be higher, HPI q/q -0.7% VS -0.9% expected, next week Private Sector Credit m/m and HIA New Home Sales m/m will be released.

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Pair hit target at 1.5770 and still hold around this level, pair still bullish but may consolidate around current levels in the next time.

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EUR performed well last week, German Ifo Business Climate 101.8 VS 101.9 expected, M3 Money Supply y/y 4.0% VS 3.8% expected, German Prelim CPI m/m +0.1% VS +0.2% expected, EU Economic Summit reached to immigration deal, next week focus will be on EU Manufacturing PMIS and Final Services PMI, in other hand, AUSSIE performed bad last week, HIA New Home Sales m/m -4.4% VS -4.2% expected, Private Sector Credit m/m +0.2% VS +0.4% expected, next week focus will be on RBA CASH RATE and Rate Statement, Retail Sales m/m and Trade Balance.

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Pair moved in narrow range around 1.5800 with no clear direction, but bearish momentum increased.

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EURAUD bullish above 1.5800

General outlook for the pair:
  • The pair moved in the last weeks between 1.5780 and 1.6130 .
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Pair felt last week and now very near to critical support around 1.5800 which we should be careful around it.

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EUR did not perform well last week but erased most of week losses, Sentix Investor Confidence came at 19.2 VS 21.2 expected, German Industrial Production m/m came at 1.0% VS 0.8%, next week will be on German Prelim GDP q/q, Flash GDP q/q and German ZEW Economic Sentiment, in other hand, Aussie performed well in last week after early sell off, NAB Business Confidence came at 10 VS 8, Retail Sales m/m 0.0% vs +0.2%, next week focus will be on Monetary Policy Meeting Minutes, Wage Price Index q/q and Employment Change.

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As expected pair found buyers around 1.5800, if holds for next week then 1.6000 in the way.

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EUR performed worst last week as German Prelim GDP q/q at 0.3% VS 0.4%, German ZEW Economic Sentiment came at -8.2 VS -8.0 expected, next week all focus will be on Manufacturing ans services PMIS in EU and also release of ECB Monetary Policy Meeting Accounts, in other hand, Aussie performed well last week, Wage Price Index q/q came at +0.5% VS 0.6% expected, but Employment Change came at 22.6K VS 19.8K expected, Unemployment Rate came at 5.6% VS 5.5% expected, next week with no significant data but Construction Work Done q/q will be released and there is Speech for RBA Gov Lowe.

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broke below 1.5800 then it turned to bearish, only clear break above 1.5800 to talk about uptrend again.

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EURAUD bullish above 1.5800

General outlook for the pair:
  • The pair moved in the last weeks between 1.5800 and 1.6200.
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As expected, pair found buyers around 1.5800, still bullish aiming 1.6000 and above.

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EUR performed well last week, most EU data was softer last week, German ZEW came at -8.2 VS -0.8 expected, Final CPI at 1.3% VS 1.4% expected, next week focus will be on ECB meeting and press conference but be careful from PMIS data at week beginning, in other hand, Aussie performed worst last week, employment disappointed as it came just 4.9K VS 20.3K expected, last month revised to -6.3K from 17.5K expected, first drop from 2 year, CPI will be in focus next week for Aussie.

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As expected, pair moved up and closed last day and week near top, still bullish in the near time frame.

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EUR performed worst last week, PMIS data ere mixed but positive in general, German IFO was 102.1 VS 102.7 expected, but really EUR disappointed from ECB conference which gave no hint about next ECB step or details about next ECB plan, next week focus will be on German CPI and EU GDP, in other hand, Aussie continued falling last week but reversed most of its losses before week end, CPI q/q came at +0.4% lower than expected +0.5% but later Import Prices came at +2.1% VS +1.3% expected, Next week focus will be on RBA rate cash and statement.

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1.6100-1.6200 still gives resistance for the pair, holds now around 1.60000 with no hurry for a direction.

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EURAUD bullish above 1.5500

General outlook for the pair:
  • The pair moved in the last weeks between 1.5100 and 1.5800.
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Topped around 1.5950 before falling to 1.5650, 1.5600 may offer good base for the near next time.

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EUR performed mixed VS majors,  ECB Draghi did not give any new hint, CPI data still not encouraging as Final CPI Y/Y 1.1% VS 1.2% expected, next week EU PMI data and Germany ZEW indicator will be  the most effected EU news, in other hand, Aussie performed worst VS majors, no significant data last week, but NAB business confidence fell from 11 to 9, next week will be so important as we can check RBA meeting minutes and Aussie employment data.

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Pair closed day and week around top 1.5927, still seen bullish and 1.6000 in the way.

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Pair broke above 1.6000, still seen strong bullish, only clear break below 1.5950 can threaten expected bullish scenario.

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Pair closed last week very near to expected target and hope consolidation will happen in the last hours of contest.

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EURAUD still bearish aiming 1.5000 and below

General outlook for the pair:
  • The pair moved in the last weeks between 1.5800 and 1.5200.
  • The pair is expected to move in the next month between 1.5500 and 1.4700 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Down
Expected rate of the pair 1st of March, 12:00 GMT:
1.4948
Expected market sentiment: Bearish
Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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Still around top far below critical 1.5800, only close below 1.5500 open door for bears again.

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EUR performed well last week as EU data still help, German GDP still surge at +0.6%, EU flash GDP still at highest level at +0.6%, Trade balance still at highest levels and higher Eu still not affecting trade balance numbers, in other hand, Aussie performed mixed as employment data came with expecation, as employment added +16K as expected, unemployment rate at 5.5% as expected.

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Still below critical resistance 1.5800, now holds around 1.5600, bearish sentiment increased.

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EUR tried to holds last week gains but EU flash manufacturing and services failed to keep Eur strong as most data came below expectation, also no surprise from final EU CPI data which came at 1.3% as expected filed to fuel EUR. Next week, just take care of last month Germany and EU CPI which will mostly affect EUR, In other hand, Aussie seemed bottomed last week against most pairs but selling pressure still high, no significant data for Aussie last week and none for next week so still expected quiet trading for Aussie.

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Still stuck in narrow range between 1.5600-1.5800 with no clear direction.

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EURAUD topped around 1.5800 and ready for falling

General outlook for the pair:
  • The pair moved in the last weeks between 1.5000 and 1.5800.
  • The pair is expected to move in the next month between 1.5800 and 1.4400 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Down

Expected rate of the pair 1st of February, 12:00 GMT:
1.5371
Expected market sentiment: Bearish

Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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Pair failed again at 1.5400 and closed the week around bottom at 1.5290 and this implies more losses still ahead.

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Euro performed very well last week as more good data came from EU economy, more strong EU data and finally Grand coalitions in Germany, Germany looked to work with Macron France to strengthen euro zone economy and reforms, all of this send euro to highest level in 3years, In other hand, Aussie gained more traction last week as Aussie got supported from strong retail sales 1.2% from 0.4 expected and strong building approval numbers which came at 11.7% from -0.9% expected and all of this give more demand for Aussie especially against USD.

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1.5150 was strong base for pair which attempt again to close above 1.5400, next week do critical for the pair.

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Euro performed mixed as more good data came from EU economy, more strong EU data but no clear Grand coalitions in Germany as there is opposition in SPD party which is expected to make final decision on Sunday 21/01, Germany Merkel fate at the decision of SPD, Euro will be affected, In other hand, Aussie gained more traction last week as Aussie got supported from strong Employment data which add 35K employer after 63K month ago,  Aussie data surged and also got help from better Chinese data.

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Critcal 1.5400 still cap any pair up movment, break below 1.5250 will intensify pair selling.

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EURAUD near to major top and ready to fall

General outlook for the pair:
  • The pair moved in the last weeks between 1.4400 and 1.5700.
  • The pair is expected to move in the next month between 1.5800 and 1.4400 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Up
Expected rate of the pair 2nd of January, 12:00 GMT:
1.4702
Expected market sentiment: Bearish
Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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bottomed again 1.5500 and still 1.5700 is expected to cap pair gains, 1.5800 is unltimate resistance for pair till now.

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Euro hold steady last week after some improvement of ECB projections, EU data still so solid, In other hand,Aussie stabilized after FOMC meeting and solid Aussie numbers, Chinese data also help Aussie to improve well.

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Pair suffered free fall last week as it opened the week at 1.5700 and closed near 1.5300 with strong bearish close in all time frames.

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Euro performed well last week as more good data came from EU economy, Catalonia Vote did not affect euro so much, ECB speakers spoke loudly last week at QE end after the last 9 month extension, In other hand, Aussie benefited from Mid-Year Economic and Fiscal Outlook which were better and also with better Monetary Policy Meeting Minutes which help Aussie to hold recent gains around 0.7700.

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Pair again falied to close above 1.5400,now holds just around 1.5350, as it is below 1.5400 so 1.5000 can be seen.

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