EUR/AUD Weekly Outlook

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EUR/AUD’s rise from 1.6108 resumed last week and hit 1.6516 then retreated. Initial bias stays neutral this week for consolidations first. Further rally is in favor as long as 1.6334 minor support holds. Above 1.6516 will target 161.8% projection of 1.6108 to 1.6381 from 1.6186 at 1.6628 next. However, firm break of 1.6334 will turn […]The post EUR/AUD Weekly Outlook appeared first on ActionForex.