EurAud- Is the correction over?

2020年10月22日

I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook.
The break was violent and the pair skyrocketed to 1.68 in a straight line.
A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips.
Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now.
A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7