FX.co - EURAUD bouncing off channel support as expected, remain bullish

2016-09-26T02:53:35

Long-term review

Price has bounced off channel support as expected at 1.4650 where we expect a further rise to 1.4900.

The RSI(21) has bounced off our area of support as expected triggering a bullish move.

Stochastics (21,3,3) has also bounced above our 5% support signalling a bounce is in progress.

Buy above 1.4650. Stop loss is at 1.4570. Take profit is at 1.4900.

EURAUD bouncing off channel support as expected, remain bullish

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EURAUD bouncing off channel support as expected, remain bullish