EURAUD Bounce will lead 1.42

2 de ago. de 2017

EURAUD chart started its day under fibbo %50 band and tested its %61 band which stays around 1.49. It's last week climed here from 1.42 band with EUR news and weakens from AUD supported it too. As we see we got our major Resistance around 1.5050, fibbo %70.6 band which held the parrity 3 times or more since JUN 2016. Our setup gives us here that it's movement tru upwards migt show us that it might test %61.8 fibbo, 1.4920 and bounce or might pass and show us 1.5050 band and will turn back to its fibbo -%27 level which at 1.42. These both 1.4920 and 1.5050 levels are holding resistances, which produces strong points and making a narrow strong block to take parrity to upper places.