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Mihai_Iacob

EurAud- Towards my 1.59 target?

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Euro / Dolar Australia (FX:EURAUD)  
Mihai_Iacob  
FX:EURAUD   Euro / Dolar Australia
Trend Analysis Chart Patterns Technical Indicators EURAUD euraudanalysis euraudlong euraudbuy euraudtrade euraudforecast euraudbreakout euraudsetup euraudidea
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trendanalysis chartpattern indicator euraud euraudanalysis euraudlong euraudbuy euraudtrade euraudforecast euraudbreakout euraudsetup euraudidea
After the recent low slightly under 1.54 from the end of October, EurAud has started to trade higher and managed to break above 1.56 resistance early this month.
Now the pair is consolidating and forming a pennant and a break of the resistance trend line could lead to more gains and we can see EurAud testing 1.59 resistance
I'm bullish as long as the price is above 1.56
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