EURAUD: ⬆️ Buy
– EURAUD reversed from multi-month support level 1.6100
– Likely to rise to resistance level 1.6260
EURAUD currency pair recently reversed from the support zone located between the multi-month support level 1.6100 (which stopped earlier sharp downtrend in March) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous minor impulse wave 3 of the intermediate impulse wave (3) from July..
Given the strength of the support level 1.6100, and the oversold daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.6260.
 and the lower daily Bollinger Band.){kind=link}