Technical analysis

EURAUD Wave Analysis – 24 June, 2022

EURAUD Wave Analysis – 24 June, 2022

• EURAUD reversed from resistance level 1.5260
• Likely to fall to support level 1.5100

EURAUD currency pair recently earlier reversed down from the key resistance level 1.5260 (which has been reversing the pair from March), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse (C) from the start of February.

The downward reversal from the resistance level 1.5260 started the active minor correction (b).

EURAUD can be expected to fall further toward the next support level 1.5100 (target for the end of the active correction (b)).

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