marto_el
Long

EURAUD Trend continuation

FX:EURAUD   Euro Fx/Australian Dollar
24 0 1
We recently bounced of the major weekly support / Monthly S1 Pivot and since last week we are on a rally. Now we are at the previous highs, so a retracement is expected. At the 1.48-1.47 level we have a cluster made out of Monthly central Pivot , Weekly Central Pivot , .382 Fib retracement. Price has previously bounced of the 21 EMA twice, showing a strong upside moves. If we get a deeper one to the 55EMA and bounce it will also be in the buy zone.
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