SamKent
Long

EUR/AUD BUYING ZONE

FX:EURAUD   Euro Fx/Australian Dollar
132 0 4
The EUR/AUD             has recently broken a tight range to the upside on the 30M chart. The overall market structure is an ascending channel. We are therefore looking for a pullback back to the range resistance level, which should coincide with the ascending trend-line of the channel. An RSI reading of around 40 would further confirm our trading idea.
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