Can we sell EURAUD?

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We can see from the EURAUD chart presented, that on November 25, 2020 the price has hit the 61.8% Fibonacci retracement level (Fib 1) at 1.62128 price.

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ملاحظة

Furthermore, the target of the first EURAUD selling price is at 1.60469 at the 161.8% Fibonacci retracement level (Fib 2). The second target is at the price of 1.59255 at the 261.8% Fibonacci retracement level (Fib 2). However, if the movement breaks through the price 1.62685 (Fib 1), then there is a high probability of moving upwards.

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ملاحظة