opentrader08

EURAUD again interesting for trading

Long
FX:EURAUD   Euro / Australian Dollar
Hello Traders, I come with an update on my EURAUD trades. For more info check out my previous posts on euraud

I am bullish on this pair. And now since it broke the resistance (blue zone) I have a long position until the yellow zone. My guess is that we will see the price ranging for some time in between the 2 zones so each time it approaches the resistance zone i will take a buy with the same target at the yellow zone. After it breaks the yellow zone and stays above then i will target 1.67 and 1.69 in extension.

Hope this will be helpful.

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