Tag - eur

We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of [i].

The 34 MA has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance.

There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level.

It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave [i].

Bulls faced resistance at 1.1560, so we've got a "V-Top" pattern, which led to the current decline. Therefore, the market is likely going to...

EUR/AUD is extending the decline across the markets and we can expect a duplication of the cycle started since end of May…

There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level.

If the pair comes back under the upper side of the diagonal, there'll be an opportunity to have wave i of (i).

Bulls faced resistance at 1.1529, so the market is likely going to test the nearest support at 1.1494 in the short term.

Recommendation: BUY 1…

EUR/AUD reversed from support area Next buy target - 1…

The 34 MA has acted as support, so there's a bullish "Harami", which has been confirmed. Therefore, we're likely going to have...