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Uncharted-FX
Aug 12, 2019 9:41 PM

EURAUD fib level tested Long

Euro Fx/Australian DollarFXCM

Description

EURAUD looking interesting on the daily chart. We created an uptrend wave and created our first higher low at the 38.2 fib level. This higher low is confirmed with the higher high which broke above previous candle bodies. We are at a very important resistance zone too. If people were short, some may have put their stop losses just above the bodies (or the wicks above).

Fib target is at 1.7000
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