• EURAUD reversed from support zone
• Likely to rise to resistance level 1,6400
EURAUD recently reversed up from the support zone located between the support level 1.617 (pervious monthly high from July), and the 50% Fibonacci correction of the previous sharp upward impulse wave (v).
The upward reversal from this support zone stopped the previous short-term impulse wave 1, which belongs to wave (C) from the middle of August.
Given the prevailing uptrend, EURAUD can be expected to rise further toward the next resistance level 1,6400.
- 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…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
