EURAUD updated on 31/10/2019

EURAUD updated on 31/10/2019


Technical analysis


To follow up with our updated post for EURAUD on 21/10/2019

EURAUD in developing the C leg

there are today some further levels need to be updated for EURAUD; as the updated C leg structure has been developing as expected for, we have today a minor up swing for EURAUD, in which the price handle of the immediate resistance price level at 1.6185 to see. The further bearish scenario for EURAUD is that 1.6185 or near around that price zone will be touched but be rejected there; in this case, price will head down again and it will be a good chance to add some more short positions for EURAUD. The support zone for EURAUD in this scenario will be at around 1.6020 to recognize. A further breaking down below 1.6020 by the price action, it is then time to move the earlier short positions to breakeven.

Take your look at the depicted chart below for more references:

All other updated targets we remain as mentioned in the earlier post for a middle term trading with EURAUD.

Further updates for EURAUD we will monitor it on time.

Trade well!


Tradingscenes team

Thông tin thành viên
Forex, stocks, commodities Trader & Markets Analyst. Makkaba Co., Ltd. ST&C

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