forextidings

EURAUD Time for More Action?

OANDA:EURAUD   Euro / Australian Dollar
At present, EUR/ASD's downtrend is moving sideways between the resistance and support. The trend will continue this movement, But if it crosses the support trendline, it will touch the following targets 1.6166 - 1.5960. There is a possibility to touch the 1.6300 if the trend hits the support trendline and takes a U-turn. Stoch RSI indicates that there will be an uptrend if there is a crossing of the resistance trendline.

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