18.11.202406:23 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of EUR/AUD Cross Currency Pairs, Monday November 18, 2024.

With the appearance of the Bearish Flag pattern followed by the appearance of a deviation between the price movement of the EUR/AUD cross currency pair with the Stochastic Oscillator indicator and the price movement is below the WMA (30 Shift 2) then in the near future EUR/AUD has the potential to weaken where if 1.6242 is successfully broken and closes below it then EUR/AUD will go to level 1.6181 if this level is successfully broken and closed below it by EUR/AUD then this cross currency pair will continue to weaken to level 1.6060 as its main target and if the momentum and volatility support then 1.5985 will be the next target to be targeted but if on its way to the target levels suddenly EUR/AUD turns around and strengthens again especially if it successfully breaks and closes above level 1.6439 then all predictions of weakening that have been described previously will be invalid and canceled by themselves.

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