EUR/AUD
EUR/AUD M30 Chart Overview:
The author, who typically trades EUR/AUD on the M30 time frame, recently checked the EUR/AUD pair on M30 and found a strong resistance level at 1.6736, a local high from October 10. The pair has tested this level multiple times in the past 24 hours, and attempts to break down it have yet to be successful. The author decided to wait for the start of the European session and realized the price would rise to 1.27 by then. They sold the euro at 1.0611 and set a target zone of the gap at 1.6505-1.6740 left from Monday. If the price moves below 1.6505, they plan to set breakeven and aim for the next target at 1.6740. They plan to close their sell position and consider buying opportunities at the level of 1.6747.
On the 4-hour outline, the cost has settled above 1.6740. The morning hole because of the Hamas assault on Israel will be shut. The price is developing over the pointer lines. The Marlin oscillator is solidly fortified in the bullish area. We anticipate that the euro should rise further.
Consumer exuberance can translate into greater spending and faster economic growth, implying a stronger labor market and a potential pick-up in inflation, helping turn the Fed hawkish. This survey’s popularity among analysts (mentioned more frequently than CB Consumer Confidence) is justified. After all, the data here includes interviews conducted up to a day or two before the official release, making it a timely measure of consumer mood, but foremost because it gauges consumer attitudes on financial and income situations. Actual figures beating consensus tend to be USD bullish.
EUR/AUD M30 Chart Overview:
The author, who typically trades EUR/AUD on the M30 time frame, recently checked the EUR/AUD pair on M30 and found a strong resistance level at 1.6736, a local high from October 10. The pair has tested this level multiple times in the past 24 hours, and attempts to break down it have yet to be successful. The author decided to wait for the start of the European session and realized the price would rise to 1.27 by then. They sold the euro at 1.0611 and set a target zone of the gap at 1.6505-1.6740 left from Monday. If the price moves below 1.6505, they plan to set breakeven and aim for the next target at 1.6740. They plan to close their sell position and consider buying opportunities at the level of 1.6747.
On the 4-hour outline, the cost has settled above 1.6740. The morning hole because of the Hamas assault on Israel will be shut. The price is developing over the pointer lines. The Marlin oscillator is solidly fortified in the bullish area. We anticipate that the euro should rise further.
Consumer exuberance can translate into greater spending and faster economic growth, implying a stronger labor market and a potential pick-up in inflation, helping turn the Fed hawkish. This survey’s popularity among analysts (mentioned more frequently than CB Consumer Confidence) is justified. After all, the data here includes interviews conducted up to a day or two before the official release, making it a timely measure of consumer mood, but foremost because it gauges consumer attitudes on financial and income situations. Actual figures beating consensus tend to be USD bullish.
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