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EURAUD Currency Pair

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2016-01-10_23-35-34euraud

2016-01-10_23-35-34euraud

Price is at the 1.57500 resistance level. The close of this candle will be very important to see if price closes over or below the area.

If the stochastik stays over the 80% level then that is an indication that price is in a trending mode possibly heading higher.

If it turns after the candle close below the 80% level then we might expect the continuation of bearish pressure and price coming down.

Possible zones are drawn at the chart where price is most likely to chose as a target, one for the bulls and one for the bears.

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