EURAUD 22.12.2022

Technical Analysis
Thursday, December 22, 2022 - 10:39
Point Trader Group

Main trend: 

Conditionally bullish.

Expected scenario:

The pair is trading above a strong support level around 1.5680, which enhances chances of a rise to 1.6000.

Alternative scenario:

Breaching the level of 1.5680, would open the door for further downward movement towards 1.5412.

The most important levels

Resistance: 1.5900 – 1.6000

Support: 1.5680 – 1.5412

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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