EURAUD broke out of resistance, further potential rise!

Обновлено
EURUAD broke out of short term descending resistance-turned-support line and is approaching our first support at 1.5959 (horizontal pullback support, 23.6%, 38.2% Fibonacci retracement). A strong bounce could occur above this level, pushing price up to our major resistance at 1.6123 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.

RSI is also seeing a bullish exit and we might see a corresponding rise in price.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Сделка закрыта: достигнута тейк-профит цена
Wohooooo perfect rally up to our profit target! Did you manage to get on this one?
audChart PatternsEUREURAUDeuraudlongeuraudshortForexforexsignalsforextradingHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Мои профили:

Отказ от ответственности