It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
EUR/AUD rising inside minor impulse wave (iii)
- EUR/AUD rising inside minor impulse wave (iii)
- Next buy target - 1.5380
EUR/AUD has been rising in the last few trading sessions inside the minor impulse wave (iii) which started from the support zone lying between the key support level 1.5100 the 61.8% Fibonacci correction of the previous sharp upward impulse from the middle of October. The active impulse wave (iii) belongs to the intermediate impulse wave (3) from September. EUR/AUD is expected to rise further to the next buy target at the next resistance level 1.5380 (top of impulse (i)).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…