EUR looks better over AUD

Dwivedi_VIbhav Updated   
FX:EURAUD   Euro / Australian Dollar
EURAUD pair has consolidated good near the July support zones and is not looking for reversal.
RSI is showing the gain of strength and over all the Euro Index is showing positive signs.

on late Friday it broke the 5 day long trendline and now gaining strength.
on hourly it has formed a reversal inverted head and shoulder pattern. and on 4 hourly it has made a good double bottom

recommend to go long now 1.621 with a sl of 1.612 for the targets of 1.6265 .. 1.633 .. 1.655
Comment: Target 1 and target 2 done .. we trailed SL to target 2.
Trade closed: stop reached: trailed stop loss was hit.. we exited at target 2.
1.62100-> 1.63300 good profit.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.