Monday, July 22, 2019
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Technical Analysis – EUR/AUD runs towards 23.6% Fibo

EUR/AUD runs towards 23.6% Fibo; outlook seems bullish. EUR/AUD finally reversed to the upside last Thursday after printing higher lows and higher highs in the preceding seven months to reach a five-month high of 1.6445 on June 18. Momentum indicators on the daily chart though are currently supporting that positive momentum is likely to strengthen in

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EUR/AUD 21/01/19 | EconAlerts

Technical Analysis – EUR/AUD surpasses 200-SMA

EUR/AUD surpasses 200-SMA after finding support at 1.5770. EUR/AUD retreated back to the 1.57 region after it found strong resistance on the almost 10-year high of 1.6658 but is currently challenging again the 23.6% Fibonacci level of the upward move from 1.3625 to 1.6658, which is around 1.5940. The bullish correction is confirmed by the technical indicators.

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