The EURAUD faces solid barrier – Analysis – 17-1-2022
Economies.com
2022-01-17 06:43AM UTC
The EURAUD pair failed to resume the bullish attack to face solid resistance at 1.5855, to settle below it as appears on the chart, while the continuous stability of this barrier allows us to suggest the correctional bearish rebound that might target 1.5790 and 1.5770 levels.
On the other hand, breaching the barrier and holding above it will open the way to form strong bullish attack and start achieving additional gains by moving towards 1.5890 followed by reaching 1.5960 in the medium term period.
The expected trading range for today is between 1.5855 and 1.5790
The expected trend for today: Bearish
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