EurAud could accelerate to the upside (1.7 target)
After dipping below the key 1.6 level—both a technical and psychological threshold—at the end of November, EUR/AUD quickly rebounded and began climbing in a constructive manner. Recently, it established solid support at the 1.6350-1.6360 zone, with two notable reversals from this area observed last week.
As of now, EUR/AUD is trading at 1.6507, just below a technical resistance level, with the price action showing signs of a buildup. The odds favor an upward breakout, and if this materializes, it could lead to a sharp acceleration higher.
In this scenario, my swing trade target is the 1.7 mark. For now, my strategy is to buy on dips, anticipating the breakout and preparing for the upside momentum.
As of now, EUR/AUD is trading at 1.6507, just below a technical resistance level, with the price action showing signs of a buildup. The odds favor an upward breakout, and if this materializes, it could lead to a sharp acceleration higher.
In this scenario, my swing trade target is the 1.7 mark. For now, my strategy is to buy on dips, anticipating the breakout and preparing for the upside momentum.
Transaction en cours
EurAud broke resistance, as expected
Next resistance is around 1.6750
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
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.