capitalpropertiesfx

EURAUD, looking for higher values

FX:EURAUD   Euro Fx/Australian Dollar
27 0 0
This pair has been in a downtrend for quite some time. The high was set around 1.58 in the beginning of this year and now we are trading almost 1200pips lower. In my opinion, the time is right to start looking for a possible reversal but I'm not looking for a massive move higher - nono. Only a bit.
First thing I'd like to see is the blue dotted trendline to be broken. If Step 1 completed, then I'll start looking for long entries.

PS. Target 1 is extremely imporant. If it the price reaches that area and sells off strongly then any futher upside is very unlikely.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out