Tools for Traders Top Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action Insight Daily Report: Euro Stays Strong after Volatility in Thin Holiday Markets There was some volatility seen yesterday in the forex markets. But as dusts settled, Euro is staying as the strongest one for the week, followed by New Zealand Dollar and Sterling. On the other hand, Yen and Dollar are trading as the weakest one, followed not too far away by Australian Dollar. No important levels of dollar pair were broken with yesterday's moves. EUR/USD and GBP/USD retained near term bullishness for further rise. And, USD/JPY is staying bearish. As liquidity continues to drop ahead of holiday, we might see more such volatility ahead. Technical Outlook EUR/AUD Daily Outlook Daily Pivots: (S1) 1.6081; (P) 1.6121; (R1) 1.6189; More.... EUR/AUD's rally is still in progress and intraday bias remains on the upside. Current rise should target 100% projection of 1.5130 to 1.5976 from 1.5621 at 1.6444 next. On the downside, below 1.6039 minor support will turn intraday bias neutral and bring consolidation first. But retreat should be contained well above 1.5621 support to bring rally resumption. Suggested Readings GBP/USD Remains Supported Ahead Of US GDP US Dollar Downside Pressures Remain Complicatedly Confounding Currency Moves US Dollar Higher Ahead Of Final Q4 GDP Estimate WTI Oil Futures Maintain Upward Pattern; Could Weaken in Short-Term Economic Data
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