Pattern formed- Gravestone Doji
Major resistance- 1.4780
EUR/AUD has formed Gravestone Doji candlestick pattern on the daily chart. It is facing strong resistance around 1.2780 and any break above confirms further bullishness.
It has retreated sharply after making a high of 1.4779.
On the higher side, any break above 1.4780 will take the pair to next level till 1.4840/1.48810 (61.8% retracement of 1.50966 and 1.45350).
The pair has formed a temporary bottom around 1.46670 and this will be acting as immediate support. Any violation below will drag the pair down till 1.4625 (61.8% retracement of 1.4530 and 1.4780)/1.4590.
It is good to sell on rallies around 1.4730 with SL around 1.4785 for the TP of 1.46670/1.4600.
Major resistance- 1.4780
EUR/AUD has formed Gravestone Doji candlestick pattern on the daily chart. It is facing strong resistance around 1.2780 and any break above confirms further bullishness.
It has retreated sharply after making a high of 1.4779.
On the higher side, any break above 1.4780 will take the pair to next level till 1.4840/1.48810 (61.8% retracement of 1.50966 and 1.45350).
The pair has formed a temporary bottom around 1.46670 and this will be acting as immediate support. Any violation below will drag the pair down till 1.4625 (61.8% retracement of 1.4530 and 1.4780)/1.4590.
It is good to sell on rallies around 1.4730 with SL around 1.4785 for the TP of 1.46670/1.4600.