🎗️Name : EUR/AUD
🗨Time Frame : 4hrs Chart
(🖇️Short Order )
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🧾 : WHY IS EURAUD GOING DOWN?
If the Eurozone experiences strong economic growth and stability while Australia faces economic challenges, investors may have more confidence in the Euro. This could lead to an increase in demand for EUR and thus an increase in the EURAUD exchange rate.Changes in interest rates from the respective central banks, such as the European Central Bank (ECB) and the Reserve Bank of Australia, can affect exchange rates. If the ECB raises interest rates while the RBA keeps them unchanged or cuts them, this could make the Euro more attractive to investors, which could lead to a rise in the EURAUD.
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➖Bearish Break
1.68600 Area
Reasons
Major Turn level / W
Visible Range Hvn
ABC Break Out
Quarter Area
Accumulation
➕Bullish Reversal
1.55480 Area
Reasons
Major turn level / D
Visible Range Lvn
ABC Target
Accumulation
Major Resistance
——————————
🗨Time Frame : 4hrs Chart
(🖇️Short Order )
------
🧾 : WHY IS EURAUD GOING DOWN?
If the Eurozone experiences strong economic growth and stability while Australia faces economic challenges, investors may have more confidence in the Euro. This could lead to an increase in demand for EUR and thus an increase in the EURAUD exchange rate.Changes in interest rates from the respective central banks, such as the European Central Bank (ECB) and the Reserve Bank of Australia, can affect exchange rates. If the ECB raises interest rates while the RBA keeps them unchanged or cuts them, this could make the Euro more attractive to investors, which could lead to a rise in the EURAUD.
——————————
➖Bearish Break
1.68600 Area
Reasons
Major Turn level / W
Visible Range Hvn
ABC Break Out
Quarter Area
Accumulation
➕Bullish Reversal
1.55480 Area
Reasons
Major turn level / D
Visible Range Lvn
ABC Target
Accumulation
Major Resistance
——————————
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