Range trading continues in EUR/AUD and outlook is unchanged. Intraday bias stays neutral. Rise from 1.6108 is seen as the third leg of the corrective pattern from 1.6125. Above 1.6381 will bring stronger rebound to 55 D EMA (now at 1.6404) and above. Nevertheless, firm break of 1.6108 will resume the larger down trend from […]
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Being early looks exactly like being wrong, right up until the moment it doesn’t. For the better part of a decade, the car business agreed on one idea with almost religious certainty. The future was Read more…
Intraday bias in EUR/USD stays mildly on the upside at this point. Fall from 1.1848 could have completed as a three wave-correction at 1.1575/ Further rise would be seen to 1.1795 resistance. However, firm break Read more…
Intraday bias in USD/JPY remains neutral for the moment. Rise from 155.01 is seen as the second leg of the corrective pattern from 160.71. While another rally cannot be ruled out, strong resistance should be Read more…