EUR/AUD broke round resistance level 1.5000

EUR/AUD broke round resistance level 1.5000

  • EUR/AUD broke round resistance level 1.5000
  • Next buy target - 1.5100 and 1.5200

EUR/AUD continues to rise after the recent breakout of the round resistance level 1.5000 (which stopped the previous minor impulse wave (i)). The breakout of this resistance level accelerated the active C-wave of the intermediate ABC correction (2) from February. EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5100 – the breakout of which can lead to further gains toward 1.5100 (top of the previous minor A-wave from the end of May).

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