• EURAUD reversed from support level 1.6235
• Likely to rise to resistance level 1.6440
EURAUD currency pair recently reversed up from the support level 1.6235 (former resistance from March) coinciding with the 20-day moving average and the 50% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 1.6235 created the weekly Japanese candlesticks reversal pattern Morning Star.
Given the clear daily uptrend, EURAUD can be expected to rise further toward the next resistance level 1.6440 (top of the previous impulse wave 3).
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
This website uses cookies