EURAUD broke resistance and continues uptrend

19. Mai 2021

Comment:

EURAUD Daily chart shows market broke the resistance level of 1.5690 and continuously uptrend as per below Ichimoku confirmations.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles

Next Scenario:

All the lower timeframes showing bullish trend, including Daily timeframe. This is very stable and strong bull market. Could test the previous resistance at 1.5690 level but long term target is at 1.5947.