EUR/AUD rebounded to as high as 1.6420 last week but retreated. Initial bias remains neutral this week first. Current development suggest short term bottoming at 1.6122. Consolidation pattern from 1.6033 could have started another rising leg. Break of 1.6420 will turn bias to the upside for 1.6827 resistance. Nevertheless, on the downside, break of 1.6122
The post EUR/AUD Weekly Outlook appeared first on Action Forex.
EUR/AUD rebounded to as high as 1.6420 last week but retreated. Initial bias remains neutral this week first. Current development suggest short term bottoming at 1.6122. Consolidation pattern from 1.6033 could have started another rising leg. Break of 1.6420 will turn bias to the upside for 1.6827 resistance. Nevertheless, on the downside, break of 1.6122 […]
The post EUR/AUD Weekly Outlook appeared first on Action Forex.