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UnknownUnicorn4263724

EURAUD BULLISH IDEA BASED ON TREND LINE SUPPORT

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Euro / Dolar Australia (FX:EURAUD)  
UnknownUnicorn4263724  
FX:EURAUD   Euro / Dolar Australia
Trend Analysis
4
0
trendanalysis
I am really not sure what's going on with the EURAUD pair since last week. I can see that it's moving up and down through the trend line channel. Hope to see it hit TP1 = 1.7304 range if it respects the trend line support.

Given the RSI reading of 30-36, i think conditions are oversold and its time for a big move up. Fundamental news may change the outlook of the trade idea. Market is really unpredictable these days.
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