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EUR/AUD broke resistance level 1.6000

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  • EUR/AUD broke resistance level 1.6000
  • Next buy target 1.6200

EUR/AUD continues to rise after the earlier breakout of the round resistance level 1.6000 (which stopped the previous minor impulse wave (iii) and which was set as the buy target in our earlier forecast for this currency pair). The breakout of resistance level 1.6000 accelerated the active impulse waves 3 and (v). EUR/AUD is expected to rise further toward the next buy target at the next resistance level 1.6200.

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