UR/AUD
looks to have some more upside in its near-term future, but not before
the rest of the current downside to 1.4346 plays out according to
technicians.
EUR/AUD traders have limited data on which to focus Monday
With no data points due out from Australia Monday, EUR/AUD traders will only have German Retail Sales data on which they can look for short-term directional guidance.
Technical outlook for EUR/AUD
Technicians say EUR/AUD
could go either way here. Resistance comes in at Friday’s high of
1.4491 with the next Fibonacci projection at 1.4457 backing that up.
Support comes in at 1.4346 – Fibonacci-generated “correction support” –
and is backed up by Thursday’s low of 1.4265.
EUR/AUD
Oct 28 at 01:33 GMT
1.4382/94 (-0.11%)
H1.4411 L 1.4366
| S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
| 1.4298 |
1.4334 |
1.4370 |
1.4455 |
1.4491 |
1.4527 |
| Trend Index |
OB/OS Index |
|
Data updated on Oct 28 a 01:15 GMT (15-minute timeframe)
|
| Strongly Bearish |
Neutral |
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