EUR/AUD’s decline from 1.6617 continued last week and there is no clear sign of bottoming. Initial bias stays on the downside this week. Decisive break of 1.6108 low will will resume the whole down trend from 1.8554 high. Next target is 1.5359 projection level. On the upside, above 1.6251 minor resistance will delay the bearish […]
The post EUR/AUD Weekly Outlook appeared first on ActionForex.
EUR/USD dipped to 1.1565 last week but recovered. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.1555) will argue that rebound from 1.1323 has completed Read more…
USD/JPY fell sharply last week and there is no clear sign of bottoming yet. Initial bias stays on the downside this week with focus on 154.76/155.01 key support zone. Strong support is expected from the Read more…
GBP/USD’s pullback from 1.3675 extended lower last week but recovered after hitting 1.3473. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.3475) will indicate that Read more…