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13.10.202011:09 Forex Analysis & Reviews: Overview of EURAUD on October 13, 2020

Exchange Rates 13.10.2020 analysis

The H4 chart shows a strong buying force in the new supply zone. With the support of Stochastic in the Daily and H4 charts, the currency pair is expected to increase at least to the resistance at around 1.660. In the long term, the price can break the resistance and go further.

It is recommended to wait until the price returns and buy at the demand zone between 1.633 and 1.637 placing stop loss below this demand zone.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2025
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