EUR/AUD awaiting for a fresh catalyst: bullish in the short-term?
Lee el artículo en el sitio web de FBS
EUR/AUD has been following a bullish sequence above the 200 SMA, but now it has been doing a correction in favor of the bulls. Currently, the pair is trapped in a range established by a Fibonacci zone of 50% and 65%, at which we’re expecting to gather momentum in order to resume the bullish bias. If the pair manages to rebound, it’s likely to see a rally to test the -23.6% at 1.5179.
The invalidation zone lies at 1.4790, where a breakout should open the doors for more weakness. RSI indicator remains in the positive territory, favoring to the bulls.
