0
0
January 21, 2021 at 03:51PM
• EURAUD reversed from key support level 1.5600
• Likely to rise 1.5760
EURAUD previously reversed up from the key support level 1.56025 (which stopped the previous sharp downward impulse wave (3) in the middle of January).
This upward reversal counters the earlier downward impulse wave (5) and the multi-month downtrend from last October.
Given the clear bullish divergence on the daily RSI indicator – EURAUD is expected to rise further toward the next resistance level 1.5760 (top of the previous corrective wave (4)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/euraud-wave-analysis-21-january-2021-20210121/
Selected by fonecable.com
Search Web: EURAUD Wave Analysis 21 January, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating