Technical Analysis – EURAUD ready for bullish extensions; holds near 5-week high
Posted on June 25, 2018 at 1:00 pm GMTEURAUD has advanced considerably in Monday’s session and stands above the 40-simple moving average (SMA), while it hit a five-week high of 1.5754 last week. Price action is at the moment taking place not far below this peak. Looking at momentum indicators, the RSI indicator is pointing north above the threshold of 50, suggesting that the market could keep rising in the near term. The MACD also supports this view in the positive territory, while it is strengthening the bullish momentum. In the wake of more [..]