DerekUweri71
Long

EURAUD - Bulls are in control !

FX:EURAUD   Euro Fx/Australian Dollar
39 0 4
The Bulls are still very much in control of this market. There's been some bullish pressure in the last few days and this may be set to continue.
The sellers tried to put in a double top but this was a set up for the bulls to break the Trend line and now price is consolidating giving bulls another opportunity to buy.
Comment: FOMC today. I expect market to consolidate and depending on the FOMC statement, the direction can go either way, It may change or remain bullish, anything can happen.

I will assess after FOMC.
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