EUR/AUD reversed from resistance zone

EUR/AUD reversed from resistance zone

  • EUR/AUD reversed from resistance zone
  • Next sell target - 1.4930

EUR/AUD continues to fall after the earlier downward reversal from the resistance zone lying between the powerful, multi-month resistance level 1.5190 (which has been reversing the price from the May) and the upper weekly Bollinger Band. The previous downward reversal from this resistance zone created the weekly Japanese candlesticks reversal pattern Shooting Star. EUR/AUD is expected to fall further toward the next sell target at the next support level 1.4930.


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