The currency pair Euro to Australian Dollar EUR/AUD completed the trading week at 1.3990. At the moment, the pair continues to move within the descending model. It is worth waiting for an attempt to continue the decline in the area below the level of 1.34 as part of the start of the development of the head and shoulders reversal model.
EUR/AUD Forecast Euro Australian Dollar on April 17 — 21, 2017
The cancellation of the fall option will be a strong growth and breakdown of the area of 1.42, which will indicate the cancellation of the reversal Forex model. In favor of the fall of the pair EUR/AUD is a rebound from the descending line of resistance on the indicator of relative strength. Expect to accelerate the fall of quotations of the pair Euro Australian Dollar EUR/AUD stands with the breakdown of the area 1.39.
EUR/AUD Forecast Euro Australian Dollar on April 17 — 21, 2017 suggests an attempt to continue falling as part of the downward 1:1 model, as well as the head and shoulders reversal model with a potential reduction target near the 1.34 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
