EUR/AUD Weekly Outlook

EUR/AUD extended the corrective pattern from 1.5704 and outlook is unchanged. Initial bias remains neutral this week first. In case of deeper retreat, downside should be contained by 55 day EMA (now at 1.5244) to bring rebound. On the upside, break of 1.5704 will resume larger rise from 1.4281. However, sustained trading below 55 day […] The post EUR/AUD Weekly Outlook appeared first on Action Forex.
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