Buy EURAUD Targeting 1.478

2016年11月18日

Recently, the EURAUD held a huge level at 1.41 putting in a pin bar. We are also currently diverging on the daily time frame and holding this recent downtrend channel. We also just completed a C leg of a potential bat pattern that completes around 1.478, where we have a trendline and also the 200 ema. The AUDUSD is clearing out multiple levels of support and we also have the GBPAUD running up nicely, but the correlated EURAUD is running behind. A stop at 1.426 should be sufficient and targets 1.478.