EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
EUR/GBP: bullish targets
Information is not investment advice
EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support. The recent high is not confirmed by the Awesome Oscillator on the D1, so the pair may retrace to the 0.9030/00 area. Never the less, the uptrend will look intact as long as the pair’s staying within an uptrend. An advance above 0.9070 will bring it to 0.9100 (50% Fibo) and the next important level will be at 0.9175.
Trade ideas for EUR/GBP
BUY 0.9075; TP1 0.9100; TP2 0.9070; SL 0.9060
BUY 0.9000; TP 0.9100; SL 0.8980
The Australian dollar has been losing value against the USD. How low may it go?
XAU/USD is edging higher, but may meet soon the strong resistance. What is the forecast?
The euro has started the week on a positive footing, surging to the key resistance of 1.1800.