Buying the EUR/AUD

EUR/AUD (4Hrs)

 

The EUR/AUD pair has been on an up-trend recently, and after a correction, it looks like it will continue its upward trend.

Our Trend/Wave/Extreme indicator says it’s a perfect BUY but expect some delays or even a reversal because there’s a resistance line ahead.

It’s advisable to wait for the resistance line to break before placing any trade so BE PATIENT!

Recommended Stop Loss is around the 1.4733 price.

ALWAYS PLACE A STOP LOSS TO PROTECT FROM REVERSALS.

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.