Thread: Eur/Aud
The has broken the downtrend line as shown in the chart , as a result i expect a bullish rise for this pair , we can buy now with target point @ 1.2759 (61.8%) , the pair will face the resistance level @ 1.2724 (50.0%) but i expect the pair to beyond it and continue moving up . Good Luck
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i think that EURAUD will move upward as we have a support level @1.2785 and we have a tp1 @0% as we have a resistance level @this level where we can sell .
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as we see it was strong support at 1.3100, the pair test this support and it in its way to cover the gap at 1.3211
this pair very boring now a days . problems in Europe crisis and elections reflected to the pair
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I suggest to sell this pair , it has just faced the resistance level @ 1.2774 (61.8%) then it corrected its direction and went down , i think it will continue moving down breaking the uptrend shown in the chart , sell with targets @ 1.2736(50.0%) then @ 1.2698 (38.2%) on the long term .
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From the shown H4 chart , the pair has just tested a down trend at 1.2787 and couldn't break this trend and also there is a resistance level at 23.6 all this make us expect the pair to move down in next few hours so the pair will reach 38.2 and make retest .
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
i think that EURAUD will move upward on the short term so i suggest buying now as we have a support level@23.6 % and we can sell @1.2761 as we have a moving down trend @ this level.
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EURAUD can't beyond the downtrend shown in the H4 chart , it is just now beginning to move down due to facing the downtrend line , so i suggest to sell this pair on short term as it will be reversed and go up when become near to the support level @ 1.2579 . Good Luck
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The pair has approached to the 4 hours time frames ascending trendline at 1.260 exactly at 38.2 % retracement of last upside trend,and near the 02.24 top .all these factors made an important support area that very likely for price to bounce back from here
What wins cool headed and ability to change as fast as the market changes
in the eur/aud pair eur going strong against the aud in my h1 time frame chart
current trend in sideways but near in uying area/zone
i suggest wait for volatile market
thanks
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