EUR/AUD Daily Forecast - Neutral Bias Maintained Amidst Consolidations
Friday, 12 July 2024, 07:12
EUR/AUD Daily Forecast
The EUR/AUD pair recovered slightly from recent lows but maintains a neutral bias for now. The bearish outlook persists as long as the 1.6211 resistance level remains intact.
Key Points:
- Consolidations: The pair continues to consolidate amidst the recovery.
- Neutral Bias: Intraday bias remains neutral initially.
- Bearish Outlook: The overall view remains bearish unless 1.6211 is breached as support.
- Downside Targets: A break below 1.5996 could target key support at 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.