scamuzzi

EURAUD POSSIBLE MOVE TO UPSIDE

Panjang
FX:EURAUD   Euro / Dolar Australia
Since Euraud has been in an up trend, hit resistance 1.63500 level and moved to support i think its possible to range within this area, yet on lower time frame theres been an impulse after price corrected itself to the 78.6% of the bullish move off of the support(bullish bat pattern with a C point not passing the A point and a B point of 0.50% and D point 0.80%), i think we could see price retest the resistance or possibly move towards the 1.63960 level seeing that the daily has closed as a bullish reversal pattern with higher lows indicating that there is buying pressure in the market
Penafian

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