FX.co - EUR/AUD right on channel support, buy now

2016-09-23T06:05:31

Long-term review

Price is right on channel support at 1.4650. We consider buying at this level for a small push up to strong resistance at 1.4900.

RSI (21) is right on an area of support where we expect a bounce from.

Stochastics (21,3,3) is also bouncing above our 5% support signalling a bounce is fast approaching.

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

EUR/AUD right on channel support, buy now

*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 ★ EUR/AUD right on channel support, buy now