EURAUD recently reversed down sharply from the resistance zone lying between the multi-month resistance level 1.6675 (monthly high from January) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created eth daily Japanese candlesticks reversal pattern Shooting Star Doji.
EURAUD is expected to fall further and retest the next support level 1.6400 (former strong resistance from June).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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