Forecast by Marius Ghisea- EUR/AUD (May 23-27)

Even if the volatility is low at this moment, the EUR/AUD currency pair remains into an uptrend above EMA50. A possible target may be 1.5730 (Fibo 0.38) and the second target may be 1.6056 (Fibo 0.23) in the medium long term. The strategy of “buying the dips” is recommended as long as the price is above EMA 50.

EURAUDdaily-page-001

According to the 8 hour chart, the price is stuck into its range between 1.5350 and 1.5600. The MACD and the stochastic oscillator  indicates the uptrend correlated with the daily chart.

EURAUD8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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