EUR/AUD takes support near 200 HMA,jump till 1.427 is possible
EUR/AUD has retreated after making a high of 1.3479. Intraday it has made a low of 1.4060 and recovered from that level.
Intraday trend is weak if it breaks below 1.4000 (200 day HMA). Break below will take the pair further down till 1.3936/1.3850.
The pair’s minor resistance is around 1.4136 and break above would target 1.4210/1.4280 in short term.
Indicator (1 Hours chart)
CCI (50) - Buy
CCI (14) – Sell
Ichimoku- Buy
It is good to buy at dips around 1.4090 for the target of 1.4210/1.4275 with stop around 1.3998.
Intraday trend is weak if it breaks below 1.4000 (200 day HMA). Break below will take the pair further down till 1.3936/1.3850.
The pair’s minor resistance is around 1.4136 and break above would target 1.4210/1.4280 in short term.
Indicator (1 Hours chart)
CCI (50) - Buy
CCI (14) – Sell
Ichimoku- Buy
It is good to buy at dips around 1.4090 for the target of 1.4210/1.4275 with stop around 1.3998.
