EURAUD is nearing the bottom of it's trendline on the Daily offering a potential breakout upwards.
If price can break the local trendline, we expect a test of the 200 MA.
Stop loss would be just below the Daily trendline.
If instead the Daily trendline breaks lower, we have a short trade towards next support.
If price can break the local trendline, we expect a test of the 200 MA.
Stop loss would be just below the Daily trendline.
If instead the Daily trendline breaks lower, we have a short trade towards next support.