- EUR/AUD recovered from low of 1.3703 and reached till 1.39610. It is facing resistance around 1.39750 (trend line joining 1.4018 and 1.4106) and 1.3994 (200 day 4HMA).
- Overall trend reversal happens if it closes above 1.4000 level.
- On the downside minor support 1.3850 and break below 1.3770/1.3705.
Indicators (4 Hour chart)
Woddies CCI (14) – Neutral
CCI (50) – Sell
Ichimoku- Sell
We prefer to sell EUR/AUD around 1.3900-20 with stop around 1.4000 for the target of 1.4705.
The material has been provided by InstaForex Company – www.instaforex.com