FxWirePro
Short

EUR/AUD breaks major support at 1.5355, targets 1.5192 (100-DMA)

FX:EURAUD   Euro Fx/Australian Dollar
250 3 10
8 months ago
EUR/AUD             has broken major trendline support at 1.5355 and is currently trading around 1.53 levels as Aussie spiked post-RBA decision.

RBA Board decided to leave the cash rate unchanged at 1.75 per cent, noting that policy would be consistent with sustainable growth in the economy and inflation returning to target over time.

Intraday bias for the pair is lower, EUR/AUD             on track to test 100-DMA at 1.5192, break below could see 1.51 levels.

Focus now turns towards the Chinese trade figures due to be published tomorrow.

Immediate resistance is 1.5355 ( trendline ), while support is seen at 1.5238 (June 1st lows) ahead of 1.5192 (100-DMA).

Good to sell rallies around 1.5310/1.5315, SL: 1.5355, TP: 1.5340/ 1.53/ 1.5290
8 months ago
Comment: Correction : TP: 1.5240/ 1.52/ 1.5190
8 months ago
Trade closed: target reached: Pair takes 100-DMA support (@ 1.5190) and has edged higher.

Further weakness only on break below.
mocem PRO
8 months ago
Good Morning Sir; I guess you made a typing error in your trade set-up numbers. TP levels should be 1.5240 / 1.52 / 1.5190, I guess.
Your followers may notice this when reading your analysis. But some may look at the bottom only. May be you will make a correction .
Have a nice day. Regards.
Reply
FxWirePro PRO mocem
8 months ago
Thank you ... was a typo ... my bad ... :)
Reply
mocem PRO
8 months ago
Compared to your hard working, this typo is NOTHING to worry about. Uwlc.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out