Technicals Technicals Technicals no matter what fundamentals occur.
EURAUD is in an upward bullish channel and has held multiple times.
Signals: 1. Currently at bottom of weekly channel acting as support. 2. Stochastic RSI weekly and daily oversold and in the buy zone. 3. Upward Trend still dominant.
TP 1 at next Resistance TP 2 at top of weekly channel
Good luck trading.
Charles V CVFX Management
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Note that TP2 at red line is actually the SL Stop Loss, typo error on my part.
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Weekly Update: Last week closed with a strong daily bull candlestick. Trade looking very good to climb up, expecting new high this week.