EURAUD Upcoming major resistance at 1.60
EURAUD is under surveillance after an important rebound made on the daily rising wedge support on the area 1.5230-1.5320. The pair will probably reach the resistance of the rising wedge in the area 1.5950-1.6050. At this level, we will take a short with a target at 1.5600.
It is important to avoid being short or long now for a swing trade because it is very difficult to know if there will be a correction before the resistance.
It is important to avoid being short or long now for a swing trade because it is very difficult to know if there will be a correction before the resistance.