EURAUD Consolidating, Watch For Breakout

OANDA:EURAUD   Euro / Australian Dollar
Consolidating along rising channel support, as well as near a series of recent lows.
Consolidation could break in either direction with room to move on either side. Provides for a roughly 2:1 reward:risk or greater. Watch the consolidation (pink box) breakout on the daily chart
Cory Mitchell, CMT
Stock and forex trading insights at


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