OANDA:EURAUD Euro / Australian Dollar
Last week showed a break to the upside of a , showing momentum. On the the has been using the ma as support. On the 4hr chart can see a break of a to the upside and rejection at the 50% fib retracement level. I am looking for long opportunity after the close of 4hr above the before entering a buy position toward previous resistance at 1.63.
Comment: last week showed a break to the upside of a decending channel on the weekly chart*