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ASCENS10N

EURAUD: Position Trade

Long
Euro / Australian Dollar (FX:EURAUD)  
ASCENS10N Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis
2
1
trendanalysis
This pair is creeping further into the long term uptrend line.

As long as this level is not broken, we can see the price revisit the 1.65 level. Build your long positions slowly, it will take awhile for the price to show signs of bullishness.

It will take some time, but the bulls shall ultimately win.

EURAUD Long
Entry is valid as long as price is above 1.5580

SL: 1.5280
TP: 1.6500
Comment:
As expected, the uptrend is holding and the price is starting to push higher this week.

It will be a slow upward movement, but we will get there eventually.
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