Trade Alert
EURAUD could be setting itself for a bit of retracement back to the upside.
A strong pop above the 1.5645 level could confirm a short-term forthcoming higher high. At the same time, the prolonged negative divergence could also contribute to the bullish scenario idea.
One should still remember that overall, the pair is still within a downtrend, so any upmove could be seen as a short-term correction.
Always have your SL in place
EURAUD could be setting itself for a bit of retracement back to the upside.
A strong pop above the 1.5645 level could confirm a short-term forthcoming higher high. At the same time, the prolonged negative divergence could also contribute to the bullish scenario idea.
One should still remember that overall, the pair is still within a downtrend, so any upmove could be seen as a short-term correction.
Always have your SL in place