FxWirePro
Long

EUR/AUD breaks above channel top, gains till 1.5277 likely

FX:EURAUD   Euro Fx/Australian Dollar
185 0 3
EUR/AUD             has broken channel top at 1.5105 after multiple attempts since Dec             10th and is currently trading at 1.5188 levels.

Upside in the pair was capped at 1.52 levels which is 38.2% Fib of 1.6585 to 1.4347 fall, Technicals are supportive for further gains, break above 1.5210 could take the pair to 1.5277 ( Dec             14 highs).

1.52 to 1.53 is strong resistance zone for the pair, breaks above could target 1.5466 (50% Fib of 1.6585 to 1.4347 fall) and then 1.55 levels (Nov 2 highs).

1.5207 (Session high Jan 6th) and 1.5050 (10-DMA) are immediate resistance and support levels for the pair.

We would go long on break of 1.5210, TP: 1.5280/1.53, SL: 1.4970
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 Billing Sign Out