Focus is now on 1.6306 support as EUR/AUD’s fall from 1.6617 accelerates lower. Firm break there will indicate that rebound from 1.6108 has completed. Deeper decline should the be seen to retest this low. On the upside, break of 1.6506 will turn bias back to the upside for 1.6617. In the bigger picture, outlook will […]
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EUR/GBP is staying in consolidations above 0.8507 and intraday bias remains neutral. Stronger recovery cannot be ruled out, but upside should be limited below 0.8610 support turned resistance to bring another fall. Below 0.8507 will Read more…
Intraday bias in EUR/CHF is turned neutral with current retreat, and some consolidations would be seen below 0.9278 temporary top. Downside should be contained by 0.9210 support to bring another rise. Above 0.9278 will resume Read more…
China’s economy grew at its slowest rate in more than three years during the second quarter, falling short of expectations as weak household consumption overshadowed resilient manufacturing and export performance. The slowdown has renewed concerns Read more…