FBS - Analytics

    FBS

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    EUR/AUD reached sell targets 1.5290 and 1.5200

    EUR/AUD recently broke through the support zone lying between the support levels 1.5290 and 1.5200, both of which were set in our previous forecast as the sell targets for this currency pair. The breakout of this support zone accelerated the active minor (c)-wave, which belongs to the ABC correction 2, which started in the end of May (when the price reversed down from the strong resistance level 1.5600).

    EUR/AUD is likely to fall further in the active (c)-wave toward the next sell target at the support level 1.4830 (target price for the completion of wave 3).

     


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