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InvestingScope

EURAUD: Sell opportunity on a Resistance rejection.

Short
Euro / Australian Dollar (FX_IDC:EURAUD)  
InvestingScope  
FX_IDC:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD EUR aud euro australiandollar Forex Currencies currency
19
0
trendanalysis chartpattern indicator euraud eur aud euro australiandollar forex currencies currency
EURAUD was rejected last week on the 1.6600 bottom of the 1W Resistance Zone. The 1D chart has already turned neutral (RSI = 52.665, CCI = -53.479, MACD = 0.006, Highs/Lows = 0.0000) as it is approaching the MA200 and with the RSI still halfway to its support level, we expect further downside. Our target is the 1.6000 top of the 1W Support Zone.





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