FxPro - Analytics

FxPro

716.75 6.25/10
90% of positive reviews
Real

EURAUD Wave Analysis – 21 August, 2019

  • EURAUD broke support area
  • Further losses are likely

EURAUD recently broke the support area lying between the support level 1.6400 (former strong resistance from June) and the 38.2% Fibonacci correction of the previous upward impulse from July.

The breakout of this support area accelerated the active short-term ABC correction 2 from the start of August.

EURAUD is expected to fall further and retest the next support level 1.6200 (former resistance from July).

1566399424


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree