EUR/AUD Weekly Outlook

EUR/AUD’s decline last week suggest that corrective rebound from 1.5591 has completed at 1.5945, after rejection by falling channel resistance. Initial bias stays on the downside this week for retesting 1.5591 low first. Break there will resume larger down trend and target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside,
The post EUR/AUD Weekly Outlook appeared first on Action Forex.

EUR/AUD’s decline last week suggest that corrective rebound from 1.5591 has completed at 1.5945, after rejection by falling channel resistance. Initial bias stays on the downside this week for retesting 1.5591 low first. Break there will resume larger down trend and target 61.8% projection of 1.6409 to 1.5591 from 1.5945 at 1.5439. On the upside, […]

The post EUR/AUD Weekly Outlook appeared first on Action Forex.

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