EURAUD Long
1.5429 is our pivot point.
Our preference:
as long as 1.5429 is support look for 1.5629.
Alternative scenario:
the downside breakout of 1.5429 would call for 1.5360 and 1.5319.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.5496) but above its 50 period moving average (1.5475).
Our preference:
as long as 1.5429 is support look for 1.5629.
Alternative scenario:
the downside breakout of 1.5429 would call for 1.5360 and 1.5319.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.5496) but above its 50 period moving average (1.5475).
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