• EURAUD broke resistance level 1.5000
• Likely to rise to resistance level 1.5400
EURAUD currency pair rising strongly after it broke the round resistance level 1.5000 (which stopped the previous minor wave (a)) intersecting with the resistance trendline from February and the 61,8% Fibonacci correction of the downward impulse form July.
The breakout of the resistance level 1.5000 accelerated the (c)-wave of the active minor ABC correction 2 from the end of August.
EURAUD currency pair can be expected to rise further toward the next resistance level 1.5400 (target for the completion of the active wave 2, multi-month high from June).
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
This website uses cookies