EUR/AUD Analysis Current Trend limited downside Weekly Trend Upside Reason: Waiting for support level 1.6850. ( Resistance become support ) 🛑SUPPORT/RESISTANCE ✅S1= 1.6850 ✅S2=1.6790 ✴️R1=1.7000 ✴️R2=1.7300 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
EURAUD made a ludicrous 1000 pip run from the 1.61 level and handly pulled back. Price finally gave sellers a hand in the markets at the 1.71xx handle and is now making a double top offering a second chance to enter. There is an abundance of unsettled bank liquidity below that needs to get clapped. Targets: 1.676, 1.658, 1.645, 1.63178
Pair: EURAUD Prediction: Sell / Short
EXPECTING A DROP TO AROUND 1.603 WHICH ALSO REPRESENTS 38.2 FIB RETRACEMENT. Please share your thoughts and views on my analysis and don't forget to like it and share with others.
Price is approaching our first resistance at 1.5958 (horizontal overlap resistance, 76.4%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5618 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a...
EURAUD is approaching our first resistance at 1.5754 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.5556 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 1.5623 (horizontal...