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EURAUD Looking To Go Higher

Discussion in 'Technical Analysis' started by Kaitlin, Jun 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EURAUD is trading quite nicely reaching our Fibonacci ratio of 61.8, from where a recent minor bounce had occurred. As such we think that this correction, named a double zig-zag could now be already over or in late stages, meaning that more upside can follow in sessions ahead. If price[​IMG]

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  2. JohnMiller

    JohnMiller Well-Known Member Trader

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    I think that the asset will go for breaking the bottom line after reflecting from the upper bound.
    [​IMG]
     
  3. JohnMiller

    JohnMiller Well-Known Member Trader

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    It seems to me that the asset will go for breaking the bottom line after reflecting from the upper bound.
    [​IMG]
     

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