EUR/AUD: buy target - 1.5000
By: Dmitriy Chernovolov
- EUR/AUD reached buy target 1.4760
- Next buy target - 1.5000
EUR/AUD recently broke sharply above the strong resistance level 1.4760 (which reversed previous waves (A) and B and which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level intensified the bullish pressure on EUR/AUD – accelerating the active impulse wave 1 – which belongs to the intermediate (C) of the primary ABC correction ② from April.
EUR/AUD is likely to rise further toward the next buy target at the round resistance level 1.5000 (target price for the completion of wave (C)).