Market Snapshots

EURAUD Wave Analysis 30 November, 2020

EURAUD Wave Analysis 30 November, 2020

• EURAUD reversed from support level 1.6140

• Likely to rise to 1.6345

EURAUD recently reversed up from the powerful support level 1.6140 (which has been reversing the price from the start of June, as can be seen below) strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 1.6140 started the active medium-term upward impulse wave (3).

EURAUD is expected to rise further toward the next resistance level 1.6345 (top of the previous correction and the target price for the completion of the active correction (2)).

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