EUR/AUD’s down trend extended to as low as 1.5591 last week but formed a temporary low there and recovered. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315
The post EUR/AUD Weekly Outlook appeared first on Action Forex.
EUR/AUD’s down trend extended to as low as 1.5591 last week but formed a temporary low there and recovered. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 […]
The post EUR/AUD Weekly Outlook appeared first on Action Forex.