Bearish Outlook with Key Support Levels & Bullish Reversal

23 Sep

EUR/AUD appears to be in a bearish trend and could drop to the 1.6200 level. At this point, we expect two possible scenarios: it may either find support at 1.6200 and reverse upward, or, if it breaks below this critical support level, there is a strong possibility that it could drop further, possibly down to 1.6030. From the 1.6030 level, we believe the bulls may step in, leading to a buying opportunity, signaling the start of an upward movement.

16 Okt

Dagangan ditutup: sasaran tercapai

Target achieved. Our target was the trendline.