EURAUD
EURAUD is currently rallying around 1.7054. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active Down trend . EURAUD is currently in a range, not going above the previous day's highest high 1.72806,or the previous day's lowest low 1.70331. If the price breaks above 1.72806 then we will consider a long term buy with our target at 1.72806. And on the flipside, a sustained move below 1.72806 will attract sellers with an ideal target around 1.70027
EURAUD is currently rallying around 1.7054. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active Down trend . EURAUD is currently in a range, not going above the previous day's highest high 1.72806,or the previous day's lowest low 1.70331. If the price breaks above 1.72806 then we will consider a long term buy with our target at 1.72806. And on the flipside, a sustained move below 1.72806 will attract sellers with an ideal target around 1.70027