| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92

FxWirePro: USD/ZAR edges higher but bearish outlook persists

FxWirePro: USD/CNY downside pressure builds, key support level In focus

Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?

FxWirePro- Major Crypto levels and bias summary

FxWirePro- Major US Indices

FxWirePro:EUR/AUD eases but bullish outlook persists

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes

FxWirePro- Major Pair levels and bias summary

FxWirePro: AUD/USD firms on hawkish RBA meeting minutes

FxWirePro- Major European Indices

FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path

FxWirePro: USD/ZAR extends losses ,eyes 16.400 level

FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook

FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought

FxWirePro: GBP/AUD moves lower on weak UK data

©Econometrics LLC . All Rights Reserved.

FxWirePro:EUR/AUD trends higher, room for further gains

Thursday, July 29, 2021 9:31 PM UTC

• EUR/AUD strengthened on Thursday as euro was buoyed by above estimate German July CPI/HICP data.

•Germany’s annual consumer price inflation accelerated by more than expected in July, rising further above the European Central Bank’s target.

• EUR/AUD climbs above 1.6050 and holds near the day's high late US session.

• Technical signals are bulllish as RSI is trending higher at 64, daily momentum studies 5, 9 and 10 DMAs are trending up.

• Immediate resistance is located at 1.6113 ( 23.6%fib), any close above will push the pair towards 1.6147 (Higher BB).

• Support is seen at 1.6042 (5 DMA ) and break below could take the pair towards 1.6029 (38.2% fib).

Recommendation: Good to buy around 1.6050, with stop loss of 1.5950 and target price of 1.6110.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025

Trump Appoints Louisiana Governor Jeff Landry as Special Envoy to Greenland

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Italy Fines Apple €98.6 Million Over App Store Dominance

ASEAN Pushes to Revive Thailand–Cambodia Ceasefire as Border Conflict Intensifies

UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro:EUR/AUD trends higher, room for further gains

Editor's Picks

Welcome to EconoTimes