EURAUD holding above ascending trendline support. With technical indicators showing room for further upside, a further push up above our 1st support at 1.58455 towards our 1st resistance at 1.59003 could be possible.
Trading Recommendation
Entry: 1.58455
Reason for Entry:
38.2% Fibonacci retracement, ascending trendline support
Take Profit: 1.59003
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 1.58213
Reason for Stop Loss:
78.6% Fibonacci retracement