FX:EURAUD   Euro / Australian Dollar
271 11 7
EURAUD             is struggling around 1.4730 (key support) it seems like it is holding that could result in a nice swing up towards 1.4985 area. I am long from 1.4730 with SL 1.4693.
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although resistance rejected I am expecting a final high, here is the setup
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Moved stop loss to 1.4743
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Target changed to 1.5085
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I am out of the trade
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daily close below the target indicates on the short term weakness of the eur across the board
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not only daily, but weekly close below the target
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the potential wave up could be just a beginning for a larger scale uptrend
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The fundamentals are there... What is your ''Time Horizon''
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HiTech PRO OmarDjurhuus
I am not a fundamental trader at all so can't comment.
The time horizon is one, two days
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SL at 1.4893 or 1.4693? great analysis and wish you luck..
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