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EUR/AUD BULLS ARE GAINING STRENGTH|LONG

Long
Euro / Australian Dollar (FX:EURAUD)  
EliteTradingSignals  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Wave Analysis EURAUD LONG buy trading Bullish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis euraud long buy trading bullish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

EUR/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.609 area.

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