EUR/AUD Weekly Forecast for Traders

Sunday, 7 July 2024, 10:11
The EUR/AUD pair remained in consolidation above the key 1.5996 level last week with a neutral bias. However, the overall outlook remains bearish as long as the 1.6211 support-turned-resistance level holds. A potential downside movement could target the 1.5950 level and a firm break below may lead to a further drop towards the crucial 1.5846 support level.
Actionforex
EUR/AUD Weekly Forecast for Traders

EUR/AUD Weekly Forecast

The EUR/AUD pair maintained a neutral bias above the 1.5996 level

Key Technical Levels

  • Resistance: 1.6211
  • Support: 1.5950, 1.5846

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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