OANDA:EURAUD   Euro / Australian Dollar
Some few hundred pips to net on profits, the recent close of the week was expected although does not always proof to be true.
The price of EURAUD have been trending upwards and bullish traders have been market up the price.
The closed of last week price is a continuing in bullish trend few hundred more In net profits. Traders who are inexperience and with limited capital to trade on are to entry at the retracement with small amount of existing capital. Keeping out of margin call and keep losses small, letting your profit run has its history.
Comment: Retesting previous low, a good buy from with a close stop loss.
Comment: The price will continue to rally upwards crossing beyond 1.63.
New entry can be done close to previous lows and remember to have tight stops.
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