EURAUD recently broke through the support zone lying between the support level 1.6100 (which reversed the price at the start of August) and the 61.8% Fibonacci correction of the previous upward impulse from April.
The breakout of this support zone accelerated the active short-term impulse wave (c) – which belongs to the short-term ABC correction (ii) from August.
EURAUD is expected to fall further and retest the next support levels 1.6000 – followed by 1.5900 (monthly low from July and the target for the completion of wave (ii)).
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies
