Currently we are at 1.2908. We are looking for a retracement and  then a continuation up to the Wave 1 R6 Resistance @ 1.2975 then the R4 Resistance later @ 1.2967. We are bullish.    The current average daily trading range (ATR) is 106 pips.…

Currently we are at 1.2760  and the C part of an A-B-C should get underway after NFP  .  A couple of different scenarios.  1:  a bounce @ 1.2750  for a double top @ 1.2850.  2: A break of the uptrend line would trigger shorts to at least the .214 Fibo support @ 1.2626. The average daily true range (ATR) for the pair currently is 103 pips.…

ANZ -"· There are at least five reasons why EUR/AUD will rally: the realisation that Cyprus was in fact special; an asymmetry in the reaction of EUR and AUD to global growth; the risk of a policy response if AUD appreciates but not EUR; new dynamics in China; and, the coalescing of these factors at extended levels.

· The key risk to a long EUR/AUD position is the continued leakage of foreign exchange reserves out of Europe and into the new “emerging” reserve currencies, of which the…

Westpac - "The return of genuine political concerns in the Eurozone should continue to chip away at EUR/USD multi-week while AUD/USD trades broad ranges, leaving EUR/AUD biased to further decline near term. EUR/AUD 1.2350 is the next target but Nov’s 1.22 lows are probably just out of reach so long as Australia’s domestic outlook is soft enough to keep the RBA warning of further monetary easing. The ECB’s bond market backstop plan also argues against substantial further EUR/AUD…

Currently we are at 1.2608.  If we can break the 1.2600 psychological level look for a continuation 3^rd wave 5^th support @ 1.2539 then maybe the 1.2500 .  The current average daily trading range (ATR) is 110 pips.…

Currently we are at 1.2744 after the break of the bear flag. We are looking now for the continuation to the double bottom @ 1.2701 with further targets down to the 1.2620  area.    The current average daily trading range (ATR) is 118 pips.…

Currently we are at 1.3122  after nice trade up form 1.3075 yesterday.  A breakout out of the pennant should initially go to the R6 @ 1.3180 with a further target @ 1.3217.  The current average daily trading range (ATR) is 124 pips.…

Currently we are at 1.3128  in a rectangle pattern which suggests the continuation to the double top @ 1.3215 area.    We could still see a pullback to 1.3015 before the top.  A break above targets the 1.3289-3304 target.  The current average daily trading range (ATR) is 106 pips.…

Westpac - "EUR/AUD is showing tentative signs of pullback after a steep rise. Near term the pair should consolidate around 1.2930/1.3050. Given evidence that Japanese investors are rebuilding EUR holdings partly at the expense of AUD, risks for EUR/AUD are to the upside over the next 2-3 months, perhaps as far as 1.33. This will depend on the Eurozone maintaining its improved financial conditions – hardly a certainty given the rolling political crises of the…

Currently we are at 126.30  and in a bear flag. There is also a trend line that was respected but  a breakout is possible.  The target area up is 1.2703  and the Down target is the .double bottom @ 1.2557. The average daily trading range (ATR) is 102 pips.…

Currently we are at 1.2619  and testing a  break of the resistance.  The target area up  is the R5@ 1.2703 then 1.2737. The average daily trading range (ATR) is 89 pips.…

Currently we are at 1.2497in a rectangle pattern to the north.   The target area is the R4@ 1.2517.  The next target is the double top @ 1.2546.   The average daily trading range (ATR) is 72 pips.…

Westpac - "Our base case for a decline in both AUD/USD and EUR/USD into year end implies most EUR/AUD trade is contained within a muted 1.22-1.25 range. In early 2013 however, the prospects are increasingly negative for EUR/AUD as the end of the RBA easing cycle looms while the Eurozone recession drags on and Greece and Spain continue to weigh. This should see EUR/AUD back to 1.19 or lower."

Currently we are  @ 1.2476  after the break of the support  and the .618 Fibo-which is bearish  for the pair.  The expected move is first to the resistance zone  in the  1.2435-2456 area.  A break here suggests a move to the 1.270 Fib extension  @ 1.2422  with an overall target @ 1.2400.  …

Currently we are @ 1.2503  inside  the wedge and on the S4 support which is bearish for the pair.  The expected move is to the support  zone  in the  1.2439-2450 area.  A break there suggests a move to the 1.2400 …

Westpac - "EUR/AUD risks remain to the upside multi-week, targeting 1.30. A bailout / backstop for Spain and approval of Greece’s quarterly loan tranche seem likely in Nov, supporting EUR sentiment. AUD in contrast should struggle as the RBA cuts the cash rate again and stands ready to ease further, while it seems too early to call a bottom in the Chinese growth cycle."

The pair is currently @1.2083 and breaking out of the rising wedge.  A break here targets the 0.618 Fibo support @ 1.1990. We are expecting the pair to bounce there back to the R6 @ 1.2215.  Be Aware however that the pair likes to stay beae3sih once in that move.  The pair currently has an ATR of 84 Pips.…

The pair is currently @ 1.1639 after breaking the 1.1681 Support  We could bounce @ the S4 @ 1.1625 or a little lower around 1.600 area.   Lower target is  the 1.618 Fibo  @ 1.1513.…

The pair is currently @ 1.1686 and in the area we are looking for a bounce.  IF we bounce  we should see a break  of the down trend to the R2 area @ 1.1735.  A failure here and no bounce look to the double bottom @ 1.1646.  Upper target is the R3 @ 1.1790.…

Currently the pair is @ 1.1753. The pair made the bear flag break and is now poised to revisit the bottom @ 1.1700.     We expect a stall there before resumption to the -0.270 fib extension @ 1.1609.…