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15 Apr 2015
EUR and GBP bearish, AUD might trend sideways – Kshitij
FXStreet (Barcelona) - Analysts at Kshitij Consultancy, share the technical outlook for EUR/USD, GBP/USD and AUD/USD.
Key Quotes
“Pound (1.4762) and Euro (1.0632) looks bearish while Aussie (0.7599) has a fair possibility of a sideways consolidation in the coming sessions.”
“Pound (1.4762) continued to fall yesterday and may test 1.423 before the upcoming elections. Though currently it is trading above 1.47, a break on the downside could be bearish for the short term.”
“Euro (1.0632) saw some rise yesterday but the near term trend remains down. While below 1.0712, near term is bearish. A retest of 1.0548 looks possible in the coming sessions unless a reversal occurs from current levels."
“Aussie (0.7599) is almost flat. 0.7548 is an immediate support which may keep the currency in a sideways consolidation for sometime. Below 0.7548, 0.7567 may be tested.”
Key Quotes
“Pound (1.4762) and Euro (1.0632) looks bearish while Aussie (0.7599) has a fair possibility of a sideways consolidation in the coming sessions.”
“Pound (1.4762) continued to fall yesterday and may test 1.423 before the upcoming elections. Though currently it is trading above 1.47, a break on the downside could be bearish for the short term.”
“Euro (1.0632) saw some rise yesterday but the near term trend remains down. While below 1.0712, near term is bearish. A retest of 1.0548 looks possible in the coming sessions unless a reversal occurs from current levels."
“Aussie (0.7599) is almost flat. 0.7548 is an immediate support which may keep the currency in a sideways consolidation for sometime. Below 0.7548, 0.7567 may be tested.”