EUR/AUD 4H Chart: Bulls could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒

[ANNOUNCE]The common European currency surged by 1.51% against the Australian Dollar during last week's trading sessions. The currency pair breached the 50– and 200– period SMAs last week.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge higher during the following trading sessions. The potential target for the EUR/AUD pair will be near the weekly R2 at 1.5838.

However, a resistance level at 1.5679 could provide resistance for the currency exchange rate within this week's trading sessions.

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