EUR/AUD Weekly Outlook

EUR/AUD’s fall from 1.8554 extended lower last week and picked up some momentum. The close below 38.2% retracement of 1.5963 to 1.8854 at 1.7750 dampened our original view. Initial bias is now on the downside this week for 55 D EMA (now at 1.7140). Sustained break there will target 61.8% retracement at 1.6953. On the […]

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