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POSINEXA

Can we sell EURAUD?

Short
Euro / Australian Dollar (FX:EURAUD)  
POSINEXA Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis EURAUD SELL Forex minor Fibonacci Retracement currencymarket
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trendanalysis euraud sell forex minor fibonacciretracement currencymarket
We can see from the EURAUD chart presented, that on November 25, 2020 the price has hit the 61.8% Fibonacci retracement level (Fib 1) at 1.62128 price.
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snapshot
Furthermore, the target of the first EURAUD selling price is at 1.60469 at the 161.8% Fibonacci retracement level (Fib 2). The second target is at the price of 1.59255 at the 261.8% Fibonacci retracement level (Fib 2). However, if the movement breaks through the price 1.62685 (Fib 1), then there is a high probability of moving upwards.
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