EUR/AUD approached strong resistance level 1.5225

EUR/AUD approached strong resistance level 1.5225

  • EUR/AUD approached strong resistance level 1.5225
  • Next buy target - 1.5400

EUR/AUD has been rising sharply in the last few trading sessions inside the minor impulse waves (iii) and 3 – both of which belong to the intermediate impulse wave (3) from the middle of July. The price earlier broke the resistance trendline of the daily Triage from June – which strengthened the bullish pressure on this currency pair. The pair is currently trading close to the strong resistance level 1.5225. If the pair breaks above 1.5225 - EUR/AUD can then rise to the next buy target at the next resistance level 1.5400.


AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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