SimpleFX Blog
    Facebook Twitter Instagram
    Monday, August 15
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»EURAUD is the Forex Pair to Consider Today
    Analysis

    EURAUD is the Forex Pair to Consider Today

    Zach WrightBy Zach WrightNovember 25, 2019No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    During the previous trading period, EURAUD decreased from the upper bound of the yellow channel to its lower wall. Then the bulls managed to raise the price in the central zone of the yellow channel, after which the bears seized the initiative and pushed the market down again.

    It is likely that now we see the growth of the market towards the upper bound of the green channel and the resistance level of 1.649. In the event of a break of this level, the price growth may be continued to the resistance of 1.683, which is on the upper bound of the yellow channel.

    It should be noted that now the price is right on the moving average shown in red. If we see a slight decline in the near future, it will mean that the bears have broken through the support that this line forms, in this case, the market may open the way to the lower bound of the green channel and the support of 1.600.

    forex
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWill the Downtrend on AUDNZD Continue?
    Next Article S&P on the Crossroads Offering a Great Margin Trading Opportunity
    Zach Wright

    Related Posts

    Two Scenarios for BTCUSD in 2022

    August 12, 2022

    The Best Trading Ideas in July

    August 3, 2022

    NIKKEI225 Technical Analysis – August 3, 2022

    August 3, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT