Thursday, December 12, 2019
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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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EUR/AUD 27/11/18 | EconAlerts

Technical Analysis – EUR/AUD ready to re-test the 5-month low

EUR/AUD returns back below 20-day SMA; ready to the re-test 5-month low. EUR/AUD is pushing aggressively lower, following the bounce off the 20-day simple moving average (SMA) earlier in the day. Technically, the RSI remains in the negative zone and is turning lower, while the stochastic oscillator is strengthening its negative momentum, approaching the 20

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