EURAUD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a further push up above our 1st support at 1.60894 towards our 1st resistance at 1.62657 could be possible.
Trading Recommendation
Entry: 1.60894
Reason for Entry:
50% Fibonacci retracement, Ascending trendline support
Take Profit: 1.62657
Reason for Take Profit:
61.8% Fibonacci retracement, 61.8% Fibonacci expansion
Stop Loss: 1.59777
Reason for Stop Loss:
Graphical swing low support