EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reversed from support area
2019-11-11 • Updated
- EUR/AUD reversed from support area
- Next buy target - 1.6160
EUR/AUD recently reversed up from the support zone lying between the support level 1.5860 (which reversed the previous wave (iv)), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from March. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer. EUR/AUD is expected to rise toward the next buy target at next resistance level 1.6160 (high of the previous impulse 1).
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
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