Analysis

EURAUD Making A Bullish Statement; Still Upside Can Be Limited

EURAUD made a sharp and strong leg higher into sub-wave C of B), right into our potential resistance zones. We now believe bulls can temporarily slow down around the former wave 4 at 1.4891 level and make a new drop lower.

EURAUD, 1H

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

 


 

Take Your 1€ Trial Today And Get Similar Forecast Daily On 18 Markets at EW-Forecast.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.