the pair and as we can see from the chart has closed it's daily candle under the level of 1.3800 , so , that's mean the down trend is still standing and the pair is heading to 1.3700 then 1.3670
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.3800 , so , that's mean the down trend is still standing and the pair is heading to 1.3700 then 1.3670
The bearish MACD cross on the daily chart coupled with the break below 1.3685 now threatens a deeper setback to support at 1.3605/1.3570 then 1.3435. Above 1.3870 would be needed to strengthen.
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.3500 , and that's mean the up trend is still standing and the pair might head to 1.3570 and then 1.3600
Price action deteriorating as market fails to bounce. Downside focus is now on 1.3485. Break risks further weakness to 1.3435 then 1.3375. Bulls must reclaim tough 1.3645/1.3715 area to stabilise.
If a M15 close above 1.3400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3300 sell only and do not buy. If price closes back above it again do nothing
The range 1.3400 and 1.3330 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair as we can see on the chart has success in breaking the level of 1.3500 and reached the level of 1.3450 , that's mean the down trend is standing and the pair might head to 1.3440 then 1.3400
EUR/AUD is likely to come under pressure as the pair consolidates into the wedge formation seen on the daily chart above.
the pair and as we can see from the chart has closed it's daily candle under the level of 1.3500 , so , that's mean the down trend is still standing and the pair is heading to 1.3400 then 1.3370
I expect depreciation of the euro toward the support at 1.3300. MACD goes below zero and sends signal for drop, stochastic signals for long, the quote is at the resistance of all the three MA's. The indicators send contradictive signals
If a M15 close above 1.3500 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3400 sell only and do not buy. If price closes back above it again do nothing
The range 1.3500 and 1.3400 is neutral area, any trade done in between is personal decision and not part of this analysis