EUR/USD Reversal at Resistance, AUD/USD Corrective Sample; Charts & Extra
The Euro is in danger near-term as resistance clearly appears formidable based mostly on the value motion we noticed final week. The reversal on Friday got here on the confluence of the 200-day, September 2018 trend-line, and peaks from Oct/Nov. The robust reversal suggests after the present minor retracement we are going to see EUR/USD weak spot once more. With a while we might see an ascending wedge type, however for now working with a near-term downward bias.
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EUR/USD Each day Chart (rejected at resistance)
AUD/USD can’t maintain a rally, and on that it’s persevering with obtained construct what appears like a corrective wedge formation since bottoming in…