Price fell sharply during October amid risk aversion from global stock market correction. As a result, EURAUD has fallen by as much as 5%. Now price is trading at one of the major support level. Look for a potential bullish reversal as global market stabilizes.
Trade Step-ups:
Bullish Reversal: Price rejects a break from the finally support level. Meaning that price could fall further to the final support level in the chart before a true reversal occurs. Profit levels to look for are 1.6000 & 1.6300 respectively.
Bearish Breakout: Price breaks final support level, look for consolidation below 1.5400.
Trade Step-ups:
Bullish Reversal: Price rejects a break from the finally support level. Meaning that price could fall further to the final support level in the chart before a true reversal occurs. Profit levels to look for are 1.6000 & 1.6300 respectively.
Bearish Breakout: Price breaks final support level, look for consolidation below 1.5400.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.