EURAUD BULLISH IDEA BASED ON TREND LINE SUPPORT

2020年5月9日

I am really not sure what's going on with the EURAUD pair since last week. I can see that it's moving up and down through the trend line channel. Hope to see it hit TP1 = 1.7304 range if it respects the trend line support.

Given the RSI reading of 30-36, i think conditions are oversold and its time for a big move up. Fundamental news may change the outlook of the trade idea. Market is really unpredictable these days.