EURAUD again! Have been buying this pair for a few months now. This pair is in consolidation and we have hit the top of the range with a close under it.
RSI in sell zone
Resistance (top channel) held strongly.
Enter at price area range of 1.6500-1.6550
TP long term target is 1.6100 area but I recommend taking profit ranges of 50-80 pips as you trade down. I will be selling down towards the bottom of the channel and looking to reap 400 pips minimum from this pair.
Good luck trading!
Charles V
CVFX Management
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