John_Mwaniki

EURAUD Analysis: Price at a critical point in 1D tf

OANDA:EURAUD   Euro / Australian Dollar
Price is generally in an uptrend and following a clear rising wedge.
At the moment it has come to the support line of the wedge as well a support level.
Price may breakout the structure to start a downtrend or may bounce and continue with the trend.
I would suggest to stay out of the trades for the pair for a moment and wait for a clear breakout or reversal to go short or long respectively.

Share your views on the pair in the comments section.
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