FBS - Analytics

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    EUR/AUD reached buy target 1.5430

    • EUR/AUD reached buy target 1.5430
    • Next buy target - 1.5690

    EUR/AUD recently broke through the resistance level 1.5430, which was set as the buy target in our previous forecast for this currency pair. The breakout of this resistance level continues the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from April. The active impulse wave 3 started earlier - when the pair reversed up from the support zone surrounding the pivotal support level 1.5200 (former strong resistance level which stopped the previous B-wave).

    EUR/AUD is likely to rise further in the active impulse waves 3 and (3) toward the next buy target at the resistance level 1.5690.

     

     

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