Tao_2484

EURAUD DAILY ANALYSIS

Tao_2484 Updated   
OANDA:EURAUD   Euro / Australian Dollar
I'm finally going to keep up with logging my trades. Trading view is the best platform so I will do my best to stay at it and log my trades. Plus its almost time I renew my yearly subscription so I definitely need to use my investments. lol.

I've narrowed down my Pairs to trade to Only 3 now and EURAUD is one of them. I just like the way it moves for me. GbpAud is beast but Euraud is more my speed as of lately.

Price has been in a bullish trend since reversing on 1.5900 and moving up 200+ pips. Overall uptrend is still up and possibly heading towards 1.6400 . Were at a key level at around 1.61336.
Will wait to see what price does. Possible rally up to next resistance point @ 1.6400 or we reject at 1.6150-75 and head down to retest 1.5900-5800 and/or make a new low.

Comment:
Price has rejected key level @ 1.6200. Could be traveling down to 1.6000 or lower.

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