EUR/AUD Forecast: Three Scenarios for the Next Move
Updated
EUR/AUD Analysis (Currently at 1.6205):
First Scenario: EUR/AUD will rise directly to the resistance level at 1.6335.
Second Scenario: The pair will drop to the support level at 1.6100 before moving up to the target of 1.6335.
Third Scenario: If EUR/AUD breaks below the 1.6100 support, it will fall further to the next support at 1.6040, and from there, it is expected to rise to the target resistance at 1.6335.
First Scenario: EUR/AUD will rise directly to the resistance level at 1.6335.
Second Scenario: The pair will drop to the support level at 1.6100 before moving up to the target of 1.6335.
Third Scenario: If EUR/AUD breaks below the 1.6100 support, it will fall further to the next support at 1.6040, and from there, it is expected to rise to the target resistance at 1.6335.
Trade closed: target reached
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