Hi, here is the daily analysis of the EURUSD and AUDUSD hope it will help you trade better.
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The Euro-United States dollar pair from its record high at 1.4247 has been corrected to the 1.4050 level. At this moment it is negotiating on the price of 1.4130, The resistance level of 1.4200 and the 61.8% Fibonacci retracement line could serve as a short input signal to continue the trend that had started even the weekly support line around the 1.3750 level.
We mention that expectations about what near future increase interest rates in Europe, the pair relocated back to 1.4000, with a forecast of $ 1.4300 as strong resistance.
A look on graph (daily) of the Australian dollar – United States dollar pair, is in a range of 300 - points since December of last year, takes five days to a bullish force. Believe that the pair will continue their upward trend at least until his second line of monthly resistance around the 1.0310 level. A ascent to that level would create a sales opportunity, who would return to the lowest level of support around the level of 0.9860 United States dollars for one Australian dollar.
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