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EUR/TRY 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EUR/AUD 1H Chart: Channel Up Comment: EUR/AUD has formed an ascending channel after confirming the major support trend-line (connects Dec 2015 and Jan 2016 lows) at the very end of the previous month. Accordingly, our outlook on the Euro is bullish, especially considering the technical indicators in the hourly and four-hour charts. The currency pair is expected to rebound either from the weekly R1 or even more likely from the lower boundary of the emerging channel at 1.5890, thus starting a

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