EUR/AUD reversed from support area

EUR/AUD reversed from support area

  • EUR/AUD reversed from support area
  • Next buy target - 1.5870

EUR/AUD recently reversed up from the support area lying between the key support level 1.5600, 50% Fibonacci correction of the upward impulse 1 from June and the lower daily Bollinger Band. The upward reversal from this support area started the active impulse wave 3. EUR/AUD is expected to rise further toward the next buy target at the next resistance level 1.5870 (top of the earlier impulse wave 1).


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