EUR/AUD Weekly Outlook

EUR/AUD edged lower last week but quickly recovered. Yet, upside is limited by 1.5614 resistance. Initial bias remains neutral this week first. Another fall cannot be ruled out, but strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 at 1.5329 to complete the correction from 1.5976. Firm break of 1.5614 minor resistance […] The post EUR/AUD Weekly Outlook appeared first on Action Forex.
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