FxWirePro
Long

EUR/AUD hits 2-month highs at 1.5273, momentum bullish

FX:EURAUD   Euro Fx/Australian Dollar
158 1 5
Earlier today RBA surprised markets with rate cut which caused a knee-jerk slump in the Aussie across the board.

The statement lacked an explicit easing bias but the market will watch for clues in this regard when the Bank delivers the SoMP on Friday.

The pair has broken strong trendline resistance at 1.4835 on last Wednesday's trade.

EUR/AUD             extends upside, hit 2-month highs at 1.5273, and has since pared some gains to currently trade at 1.5240 levels.

Momentum studies are bullish , we see scope for further upside, pair on track to test cloud top resistance at 1.5359. Break above will find next resistance at 1.5440 levels.

Good to buy dips around 1.52/1.5220, SL: 1.51, TP: 1.5270/1.53/1.5360


Trade active: Targets 1&2 achieved. Book partial profits.
Trade closed: target reached
CONGRATULATIONS SIR. THX.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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