EUR/AUD on strong resistance, time to start selling
Price is testing major resistance at 1.4810 (Fibonacci retracement, Fibonacci extension, bearish channel resistance) and we expect a drop from this level to at least 1.4693 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below the 97% level where we expect a drop from.
Correlation analysis: We're expecting overall EUR weakness today as seen in EUR/USD bearish move. We're also expecting AUD strength today as seen in AUD/USD bullish move. This combines well for a EUR/AUD bearish move.
Stochastic (34,5,3) is seeing major resistance below the 97% level where we expect a drop from.
Correlation analysis: We're expecting overall EUR weakness today as seen in EUR/USD bearish move. We're also expecting AUD strength today as seen in AUD/USD bullish move. This combines well for a EUR/AUD bearish move.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.