Currency pair analysis for today, October 7th: EURAUD
The descending wave patterns are truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.
EURAUD rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through 1.5887 (the pivot 2 of the wave C of the descending truncated pattern of the H2 level).
Stop Loss: below the local minimum.
Target levels: 1.5988; 1.6100; 1.6163.
