EURAUD - Steady uptrend

EURAUD - intraday bullish bias

The demand zone of 1.6210 has established itself as a strong support after the price spent 24 hours there to gather more buying interests. The euro gained more momentum as it achieved a new high above the psychological level of 1.6300. The bullish MA cross is a confirmation that the uptrend is still intact and more buyers could be joining at pullbacks near the averages. The RSI remains neutral which suggests there is still room for the price to go higher.

Key support: 1.6220
Key resistance: 1.6400