Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD broke major resistance level 1.5750
2019-11-11 • Updated
- EUR/AUD broke major resistance level 1.5750
- Next buy target - 1.6000
EUR/AUD recently broke above the major resistance level 1.5750 (which has been steadily reversing the price from last November, as can be seen from the daily EUR/AUD chart below). The breakout of the resistance level 1.5750 accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (C) from last July. EUR/AUD is expected to rise toward the next buy target at next resistance level 1.6000 (target price for the completion of wave 3).
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