EUR/AUD is still holding above 1.6250 support. Intraday bias stays neutral for the moment. Overall, corrective pattern from 1.6108 (or 1.6125) is still extending. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low. On the upside, above 1.6358 will bring stronger rebound to 1.6503 resistance. In the bigger picture, […]
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EUR/USD’s fall from 1.1710 accelerated lower last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Initial bias is mildly on the downside this week for 55 D Read more…