EUR/AUD reversed from combined resistance zone

EUR/AUD reversed from combined resistance zone

  • EUR/AUD reversed from combined resistance zone
  • Next sell target - 1.3900

EUR/AUD continues to fall inside the minor impulse wave (iii) – which started previously – when the pair reversed down from the combined resistance zone lying at the intersection of the key resistance 1.4200 (which has been reversing the price from March), upper daily Bollinger Band, resistance trendline of the daily down channel from last June and the 50% Fibonacci correction of the earlier impulse (i).

EUR/AUD is expected to fall further toward the next sell target at the strong support level 1.3900 (which reversed the previous (b)-wave in March).


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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