In my previous post about EurAud I've argued that we can have a higher low in place at 1.5450 and I expect an upward continuation.
Since then the pair had a failed attempt to conquer 1.56 important resistance and failed.
However, bulls quickly took control and at this moment EurAud is trading again in this resistance and we can consider a new higher low is in place.
I expect this resistance to give up this time and, as I said, 1.59 is my target
Since then the pair had a failed attempt to conquer 1.56 important resistance and failed.
However, bulls quickly took control and at this moment EurAud is trading again in this resistance and we can consider a new higher low is in place.
I expect this resistance to give up this time and, as I said, 1.59 is my target
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