Weekly Market Analysis: EUR/USD & AUD/USD

Hello Traders,

Let’s hit them charts:

 

1. EUR/USD

Last week we saw price close below the previous week’s low and below the previous support zone.

This is a further bearish confirmation on the EUR/USD. This week we may see price drop over 200 pips to NPSZ

 

2. AUD/USD

AUD/USD is also showing a failed support zone, which means that we are likely to see sellers dominate AUD/USD this week

Targeting 150 to 400 pips is not out of place this coming week

 

Note:

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