December 28, 2020 at 02:56PM

• EURAUD reversed from key support level 1.6025

• Likely to rise to 1.6255

EURAUD recently reversed up from the key support level 1.6025 (which has been steadily reversing the price from September of 2019 as can be seen below).

The upward reversal from the support level 1.6025 stopped the previous medium-term impulse wave (3).

Given the oversold daily Stochastic – EURAUD is expected to rise further toward the next resistance level 1.6255 (top of the previous medium-term correction (2) from the middle of December).

Continue Reading…

From: The FxPro Tech Analysis Team
Selected by

Search Web: EURAUD Wave Analysis 28 December, 2020

Recent Posts


Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published.

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES