EURAUD: ⬆️ Buy
– EURAUD reversed from long-term support level 1.6100
– Likely to rise to resistance level 1.6320
EURAUD currency pair recently reversed up from the support zone between the long-term support level 1.6100 (which has been reversing the price from March) and the lower daily Bollinger Band.
The upward reversal from the support level 1.6100 stopped the earlier sharp downward impulse wave3 from the end of September.
Given the strength of the support level 1.6100, EURAUD currency pair can be expected to rise further toward the next resistance level 1.6320 – which stopped wave 2 at the end of September.