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EURAUD: Forecast and Technical Analysis

Long
Euro / Australian Dollar (FX:EURAUD)  
VasilyTrader  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Fundamental Analysis Forex trading Technical Analysis EUR aud EURAUD euro australiandollar market
46
16
trendanalysis chartpattern fundamental forex trading technicalanalysis eur aud euraud euro australiandollar market
snapshot

On a daily EURAUD is facing a key rising trendline.
Bets are high that the market, at least partially, will respect the trendline and we will see a pullback.

Pay close attention to a falling wedge on a 4H and wait for a bullish breakout of it to buy the market.

Target levels will be
1.62
1.64

Stop will be below the lowest point of the wedge.

Good luck!
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