Categories: Technical analysis

EURAUD Wave Analysis – 05 August, 2020

• EURAUD falling inside impulse wave 3

• Likely to fall to 1.6325

EURAUD recently reversed down from the pivotal resistance level 1.6540 (monthly high from June, previous powerful support from April and May) – standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 1.6540 started the active short-term impulse wave 3.

EURAUD is likely to fall further toward the next support level 1.6325 (former minor correction low from the end of June).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURAUD

Recent Posts

Pro News Weekly: Dollar Leads as Stocks Wobble

Welcome to Pro News Weekly! Here’s what is driving the markets this week: 💵 The…

4 hours ago

Strong macro data and rate spreads are the USD’s main weapon

Strong US macro data and wide rate spreads boost the dollar, pressuring EURUSD and gold;…

9 hours ago

Top 10 Forex Trading Strategies

We have outlined the 10 best forex trading strategies with clear logic, real-world context, and…

10 hours ago

Bitcoin has not crossed the correction line

Bitcoin holds near $95.5K as the market steadies but hasn't confirmed a exit from correction…

10 hours ago

CHFJPY Wave Analysis – 15 January 2026

CHFJPY: ⬇️ Sell - CHFJPY reversed from resistance zone - Likely to fall to support level…

23 hours ago

WTI Crude Oil Wave Analysis – 15 January 2026

WTI Crude Oil: ⬇️ Sell - WTI Crude Oil rising inside minor impulse wave (1) -…

23 hours ago

This website uses cookies