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FxWirePro: EUR/AUD Trade Idea

EUR/AUD chart - Trading View
 
EUR/AUD Technical Analysis: Bias Bullish
- Price action has broken above daily cloud
- Pair trades above major moving averages
- Bounces off 110-EMA support
- RSI above 50, Stochs show bullish momentum

Support levels - 1.5959 (5-DMA), 1.5910 (110-EMA)
Resistance levels - 1.6121 (Mar 6 high), 1.6140 (trendline)

Recommendation: Good to go long on dips, SL: 1.5950, TP: 1.61/ 1.6140

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

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