EUR/AUD broke major resistance level 1.5750

EUR/AUD broke major resistance level 1.5750

  • EUR/AUD broke major resistance level 1.5750
  • Next buy target - 1.6000

EUR/AUD recently broke above the major resistance level 1.5750 (which has been steadily reversing the price from last November, as can be seen from the daily EUR/AUD chart below). The breakout of the resistance level 1.5750 accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (C) from last July. EUR/AUD is expected to rise toward the next buy target at next resistance level 1.6000 (target price for the completion of wave 3).


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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