EURAUD currency pair recently reversed up from the strong support level 1.6020 (which stopped the multi-month downtrend in June) intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 1.6020 will likely form the daily Japanese candlestick reversal pattern Morning Star.
Given the strength of the support level 1.6020, bullish euro sentiment and the oversold daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.6260 (former low from August).
- 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