2D EUR/AUD POSSIBLE LONG

2019-12-01 02:31:27

EUR/AUD has been uptrending for some time now. Looking at things with a line chart this time a little differently, you can see that we are at a somewhat strong resistance zone above us, while also maintaining an upward channel. Based on the history of the uptrend, we may see more upside. if it breaks down below this channel, it could see a temporary reversal, or even some ranging. Just watching at the moment, but my bias is long for now.