FX_IDC:EURAUD   Euro / Australian Dollar
38 0 0
Missed the train with the recent push off of channel support but watching for price to break previous high of 1.52774 to confirm continuation of the bull channel , waiting for price to reach 1.5500 key S/R level and looking for a retracement back into the $1.500 level to take this long back to the $1.5500 highs as first target and $1.5800 as second target. At this level, there is channel support, round number support, resistance from the breakout from the triangle formation should act as support as well and if prices do tag $1.5500 level, the $1.500 level would be right in the 61.8% sweet spot on a fibo retrace. For now, patience and wait for the opportunity to present itself!
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