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InvestingScope

EURAUD: Buy opportunity on a Bullish Megaphone.

Long
Euro / Australian Dollar (OANDA:EURAUD)  
InvestingScope  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD EUR aud euro australiandollar Forex Currencies currency
14
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trendanalysis chartpattern indicator euraud eur aud euro australiandollar forex currencies currency
The pair has been trading within a Bullish Megaphone pattern for the most part of the year with 1D currently on the first stages of a Channel Up (RSI = 55.720, MACD = 0.0000, Highs/Lows = 0.0020). Having made a Higher Low last month it is still on respectable buy levels until it reaches 1.66000 (roughly +4.50% from the Low) or the 1D RSI hits 73.50.





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