Weekly Analysis 10/6/2022

WEEKLY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

H4 EUR/AUD

Support & Resistance: S1: 1.488
From the H4 chart, it has formed a double top chart pattern. It has reached the resistance(neckline). Traders can trade long positions after the price reaches the support level.

TRADING TIPS


Short Position

1.489

1.499

1.484