| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency surged by 0.85% against the Australian Dollar during last week's trading sessions. The currency pair bounced off the 200– period simple moving average last week.
All things being equal, the exchange rate is likely to continue to edge higher during this week's trading sessions. The potential target for the EUR/AUD pair will be near the weekly R2 at 1.5727.
However, bullish traders could encounter a resistance level at the 1.5600 level during this week's trading sessions.