FX.co ★ Analytics EURAUD | Euro (EUR) to Australian Dollar (AUD) Rate in the Forex market

With a consolidation above 1.1900 and a sharp break of the downtrend channel, we reckon EUR/USD could reach the 6/8 Murray located at 1.1962 and could even reach the psychological...

At the beginning of the week, there is a high probability that the euro will continue moving sideways. A pullback toward the resistance zone and brief pressure on its upper...

Given that the euro is under downward pressure, if a pullback towards the upper band of the downtrend channel occurs in the coming hours, it will be seen...

If the euro struggles to continue rising above 61.8%, it could be seen as an opportunity to open short positions, with targets at the 4/8 Murray located at 1.1782...

EUR/USD is trading around 1.1905 within the uptrend channel formed since early February. We can see that the euro is consolidating around 1.1900 and is likely to reach 6/8 Murray...

The Eagle indicator is showing a negative signal, so we could expect a strong resistance zone below the 6/8 Murray to sell the euro with targets at the 5/8 Murray...

Our strategy for the coming hours is to wait for the euro to reach the 61.8% Fibonacci level to resume short trading, with a target at the 5/8 Murray located...

On the H4 chart, we can see that the euro has got stuck within a downtrend channel formed since January 28, and a break below the 200 EMA located...

If the euro encounters strong rejection below the 5/8 Murray, it will be seen as an opportunity to open short positions with targets at the 4/8 Murray located at 1.1718...

A sharp break of the uptrend channel and consolidation above 1.1840 could be seen as a clear signal to buy with targets at 1.1962, where the 6/8 Murray is located...