EUR/USD Is In Up Trend

SUMMARY :- 

The EUR/AUD is in up trend, but from past few trading sessions, the pair is sustaining on the falling trend line with a negative bias, some profit booking is expected  on current levels. If the pair sustains below 1.4975 levels, it can  come down to the levels of 1.4945/1.4900. Prices are also taking the resistance from 30 SMA, supporting the downside movement in the pair. RSI is also sustaining in selling territory indicating the bearish sentiment in the market.

Today's Chart: EUR/AUD ( HOURLY ) 

 

STRATEGY:- 

For Today EUR/AUD  is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2058	1.2111	1.2141	1.2194	1.2224	1.2277	1.2307
GBP/USD	1.5342	1.5413	1.5468	1.5539	1.5594	1.5665	1.5720
USD/JPY	119.32	119.65	120.17	120.50	121.02	121.35	121.87
USD/CHF	0.9772	0.9797	0.9837	0.9862	0.9902	0.9927	0.9967
AUD/USD	0.8014	0.8049	0.8076	0.8111	0.8138	0.8173	0.8200
EUR/GBP	0.7760	0.7788	0.7815	0.7843	0.7870	0.7898	0.7925
USD/CAD	1.1511	1.1553	1.1584	1.1626	1.1657	1.1699	1.1730
NZD/USD	0.7610	0.7650	0.7679	0.7719	0.7748	0.7788	0.7817

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