EUR/AUD’s rebound from 1.5591 extended higher last week, but failed to break through near term falling channel and retreated. Initial bias stays neutral this week first. On the upside, sustained break of the channel resistance will argue that fall from 1.6827 has completed at 1.5591. Stronger rise should be seen to 1.6144 support turned resistance.
The post EUR/AUD Weekly Outlook appeared first on Action Forex.
EUR/AUD’s rebound from 1.5591 extended higher last week, but failed to break through near term falling channel and retreated. Initial bias stays neutral this week first. On the upside, sustained break of the channel resistance will argue that fall from 1.6827 has completed at 1.5591. Stronger rise should be seen to 1.6144 support turned resistance. […]
The post EUR/AUD Weekly Outlook appeared first on Action Forex.