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Mihai_Iacob

EurAud- Trade update

Long
Euro / Australian Dollar (FX:EURAUD)  
Mihai_Iacob Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD euraudlong euraudanalysis euraudbuy euraudtrade euraudforecast euraudsetup euraudidea euraudsignal
21
7
trendanalysis chartpattern indicator euraud euraudlong euraudanalysis euraudbuy euraudtrade euraudforecast euraudsetup euraudidea euraudsignal
Yesterday I was wondering if we have a higher low in place for EurAud, and it looks like this at this moment with the pair putting in a morning star candle formation on our daily chart.
However, 1.5600 has proven to be strong resistance and sellers were strong here so far.
In order to continue to my 1.59 target, EurAud needs a daily close above this resistance.
Also, 1.57 zone will act like interim resistance
Comment:
As I said, bulls need to conquer 1.56
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