ForexTrendline

EURAUD trend reversal

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FX_IDC:EURAUD   ユーロ/豪ドル
This week we saw an exceptional strength of the euro and it is the strongest against the USD.
This leads to a break of the downward trend in EURAUD and an expected reversal.
We already have a test and a repulse, so we can look for the next rise.
The first target will be 1.6478, followed by 1.6539.

There are 180 pips to the second goal, and the price should not return below the previous bottom.

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