Mihai_Iacob

EurAu- possible rise with double confirmation

Long
FX:EURAUD   Euro / Australian Dollar
Last week EurAud broke violently above 1.66 resistance, accelerated and reached a local high at 1.68.
A normal correction followed and the pair come to confirm old resistance as new support.
Now the pair is trading upwards, also above the descending trendline and looks ready to resume its upward move.
Buy dips for this pair is my preferred strategy.

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