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- Pattern formed- Gravestone Doji
- Major resistance- 1.4780
- EUR/AUD has formed Gravestone Doji candlestick pattern on the daily chart. It is facing strong resistance around 1.2780 and any break above confirms further bullishness.
- It has retreated sharply after making a high of 1.4779.
- On the higher side, any break above 1.4780 will take the pair to next level till 1.4840/1.48810 (61.8% retracement of 1.50966 and 1.45350).
- The pair has formed a temporary bottom around 1.46670 and this will be acting as immediate support. Any violation below will drag the pair down till 1.4625 (61.8% retracement of 1.4530 and 1.4780)/1.4590.
It is good to sell on rallies around 1.4730 with SL around 1.4785 for the TP of 1.46670/1.4600.
