EURAUD is testing the support

In two weeks ‘ time has EURAUD moved to the south. The market broke, and then återtestade support at 1,4926, which should now act as a resistance. Sequence of lower tops and bottoms were formed. The market reaches the local (green) the support area. Broken level is a further decline is very likely. The gap is not completely shut, which in turn can result in that the trend continues.

In the short term, we can expect an upward correction and that the course is testing 1,4800.

Leave a Reply