Trade opportunities in EUR/AUD

Trade opportunities in EUR/AUD

2020-10-14 • Updated

EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-day moving averages. At the same time, there is still support in the 1.6325/1.6300 area. We will be sure about selling only when the price falls below it. The break out of the consolidation range will open the way down to the 78.6% Fibonacci retracement level at 1.6225. On the other hand, the return above 1.6360 will lead to formation of an interim bottom and trigger a recovery at least to 1.6400. Whatever the way, it will be possible to open good trades.

Trade ideas for EUR/AUD

BUY 1.6365; TP 1.6390; SL 1.6355

SELL 1.6290; TP 1.6230; SL 1.6310

EURAUDH4.png

TRADE NOW

Similar

Euro May Start a Rally
Euro May Start a Rally

On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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