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EIP-EverythingIsPlanned

EURAUD Weekly Forex Forecast 23rd September To 29th September

Euro / Australiensisk dollar (OANDA:EURAUD)  
EIP-EverythingIsPlanned  
OANDA:EURAUD   Euro / Australiensisk dollar
Wave Analysis EURAUD euraudshort euraudlong euraudanalysis Forex forexsignals forextrading
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waveanalysis euraud euraudshort euraudlong euraudanalysis forex forexsignals forextrading
Midterm forecast:

While the price is below the resistance 1.6355, beginning of downtrend is expected.
We make sure when the support at 1.6040 breaks.
If the resistance at 1.6355 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
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