$EURAUD: approaching Key ressistant, Will it hold?

13 Eki 2022

The upper zone -as seen on my chart is the ressistante that I believe will hold EURAUD from a further move upside.
Fundamentally, Krisis in EUR zone will make the price to go down, while higher interest rates by RBA will favor AUD.

I am seeing the overbought on the RSI. I expect the daily RSI will show us a bear divergence, while price action creating a break on the local supports, showing us a nice positiong for Sell.

Good luck and keep learning!

Long life learner

14 Eki 2022

İşlem kapandı: hedefe ulaştı

My first target to the nearest support was reached this morning.
Trade closed with at least 90 pips. Alhamdulillah!

There could be a further move above, or create a consolidation around this price.
The setup could be usefull for next week's trade.

Thank you,