• EURAUD reversed from resistance area
• Likely to fall 1.6084
EURAUD recently reversed down from the resistance zone lying between the key resistance level 1.6500( former strong support from the end of May) and the 50% Fibonacci retracement of the earlier downward impulse from the start if May.
The downward reversal from this resistance area created the daily candlesticks reversal pattern Shooting Star – which continues the active major impulse wave V.
EURAUD is likely to fall further toward the next strong support level 1.6084 (which has been reversing the price from the middle of February).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies