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The uptrend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency couple experienced another significant movement upwards, and at the particular moment the price is heading towards the weekly R1 at 1.2525, which might slow down the rally, however, if it is breached, then the currency pair will probably reach the upper Bollinger band at 1.2574, which in turn is expected to stop the prevailing uptrend. Moreover, the overall indicator outlook is bullish, therefore supporting the current movement upwards.
Traders' sentiment
Traders at SWFX market are optimistic about the EUR/AUD currency couple, since 66% of traders hold bullish positions and 34% of traders hold bearish positions. The situation with orders is quite neutral, as 51% of traders ordered to buy and 49% ordered to sell the Euro.
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