FxPro - Analytics


760.75 6.25/10
88% of positive reviews

EURAUD Wave Analysis – 12 May, 2019

EURAUD Wave Analysis – 12 May, 2019
  • EURAUD under bullish pressure
  • Likely to rise to 1.7000

EURAUD under bullish pressure after the earlier upward reversal from the support zone located between the key support level 1.6595 (former monthly high from January) and the lower daily Bollinger Band.

The upward reversal from this support area started the active impulse sequence 1 – which is a part of the medium-term impulse wave (1).

Given the clear bullish divergence on the daily Stochastic – EURAUD is expected to rise further toward the next resistance level 1.7000 (target price for the completion of the active sub-impulse (i)).

EURAUD Wave Analysis – 12 May, 2019img-1589300823

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