FX.co ★ EUR/AUD trading recommendations for 9th June 2016

EUR/AUD has formed a bullish divergence vs RSI since our analysis yesterday, and this gives us a good conviction of it making a strong bounce from here to the divergence potential of 1.5330, which is also a fibonacci retracement level.

Trading recommendation:

Entry now

Take profit at 1.5330 and 1.5300

Stop loss at 1.5175