Thursday, October 15, 2026

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FxWirePro: EUR/AUD capped below stiff channel top resistance, long breakout

EUR/AUD has been edging down a falling channel since June. Price action is attempting breach of channel top resistance at 1.4740. Technical indicators support upside: Stochs, RSI and CCI suggest bullish bias. Immediate s…

By FxWire Pro
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FxWirePro: EUR/AUD capped below stiff channel top resistance, long breakout
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  • EUR/AUD has been edging down a falling channel since June. 
     
  • Price action is attempting breach of channel top resistance at 1.4740.
     
  • Technical indicators support upside: Stochs, RSI and CCI suggest bullish bias.
     
  • Immediate support and resistance are seen at 1.4604 (5-DMA) and 1.4810 (July 8 high). 
    ​

Recommendation: Good to go long on breakout above 1.4740, SL: 1.4630, TP: 1.4830/ 1.49/ 1.4939
 

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