FX:EURAUD   Euro Fx/Australian Dollar
19 0 2
This week has seen this pair break the weekly resistance of 1.48400, followed by the 20 EMA crossing over the 50 EMA which serves as a confluence that EURAUD             is bullish at this moment of time. Price has also failed to break the weekly support on a numerous of occasions (1.4500), followed by a new higher low which may infer that this downtrend is running out of steam. As the market has accelerated I will be waiting for the market to decelerate by waiting for price to pullback before getting in this trade. 1.5200 is the next key level.

On the other hand, as price is at the 50% FIB retracement level from the last swing high, it will not be unexpected if price is bearish next week which may lead to a new higher low at 1. 4800            
United Kingdom
United States
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out