Euro / Australian Dollar
Long

EURAUD broke resistance and continues uptrend

383
Comment:

EURAUD Daily chart shows market broke the resistance level of 1.5690 and continuously uptrend as per below Ichimoku confirmations.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles

Next Scenario:

All the lower timeframes showing bullish trend, including Daily timeframe. This is very stable and strong bull market. Could test the previous resistance at 1.5690 level but long term target is at 1.5947.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.