- The EUR/AUD pair currently trades around 1.5820 heading towards European markets on Monday.
- With the short-term descending trend-channel portraying the pair’s downward trajectory since early-month, an upward slanting support-line connecting lows marked since December 12, at 1.5730 now, gains market attention.
- Though, pair’s trading under 1.5770 channel-support becomes prerequisite to aim for 1.5730 while holding short.
- In case sellers dominate past-1.5730, then December 12 low around 1.5670 and 61.8% Fibonacci expansion of recent move at 1.5635 can pop-up in their radar.
- On the upside, 1.5900 seem immediate resistance for the pair ahead of pushing buyers to confront channel’s upper-line at 1.5925.
- Given the pair’s successful trading above 1.5925, 1.6000 and 61.8% Fibonacci retracement level of 1.6060 may please bulls.
EUR/AUD 4-Hour chart
EUR/AUD
Overview:
Today Last Price: 1.5818
Today Daily change: -2 pips
Today Daily change %: -0.01%
Today Daily Open: 1.582
Trends:
Daily SMA20: 1.5899
Daily SMA50: 1.5961
Daily SMA100: 1.5928
Daily SMA200: 1.5856
Levels:
Previous Daily High: 1.5942
Previous Daily Low: 1.5803
Previous Weekly High: 1.6
Previous Weekly Low: 1.5803
Previous Monthly High: 1.6914
Previous Monthly Low: 1.5721
Daily Fibonacci 38.2%: 1.5856
Daily Fibonacci 61.8%: 1.5889
Daily Pivot Point S1: 1.5768
Daily Pivot Point S2: 1.5716
Daily Pivot Point S3: 1.5629
Daily Pivot Point R1: 1.5907
Daily Pivot Point R2: 1.5994
Daily Pivot Point R3: 1.6046
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