EUR/AUD reversed from resistance area

EUR/AUD reversed from resistance area

  • EUR/AUD reversed from resistance area
  • Next sell target - 1.5860

EUR/AUD recently reversed down from the resistance area lying between the key resistance level 1.6160 (which stopped the previous impulse wave 5 in March, as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star.  EUR/AUD is expected to fall toward the next sell target at the next support level 1.5860 (former support from April).

Similar

EUR/USD: bearish 'High Wave'

We should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for...

eur

Popular

Morning brief for June 2

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

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera