EUR/AUD broke resistance zone

EUR/AUD broke resistance zone

  • EUR/AUD broke resistance zone
  • Next buy target - 1.5740

EUR/AUD continues to rise inside the minor impulse wave 3 – which recently broke the resistance zone lying between the key resistance level 1.5380 (previous buy target and the top of the earlier sharp impulse wave (i)) and the resistance trendline of the daily up channel from the middle of July. EUR/AUD is expected to rise further in the accelerated impulse wave 3 toward the next buy target at the next resistance level 1.5740 (target for the completion of the active impulse 3).


EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...

USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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